Huawei is enjoying the best revenue growth it’s had in years

Huawei may not get as much attention as bigger, newer Chinese companies like Xiaomi, but it’s far from insignificant. The electronics manufacturer has made it clear that it intends to become the first Chinese company to take one of the coveted spots atop the American smartphone market, and if Huawei’s recent earnings report is anything to go by, it may very well have a shot. 

Chinese hardware manufacturer Huawei has announced its results for the first half of 2015, with the company generating revenue of 175.9 billion yuan ($28.3 billion), a year-on-year increase of 30 percent, with operating margins of 18 percent. The company said all three of its business units — enterprise, consumer, and carrier — experienced growth in the six months until June. “Huawei’s mid-range and high-end smartphones … have made solid progress, helping us guarantee quality and sustainable growth in the consumer business,” Huawei’s chief financial officer Meng Wanzhou said. “Thanks to the extensive application of our cloud computing, storage, agile network, and other flagship products and solutions in the smart city, finance, education, and ISP markets in and outside of China, our growth in the enterprise business began to pick up in the first half of this year.”