ACG Research

ACG Research
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Tuesday, May 3, 2011

Huawei Conference 2011: An ACG Report

Eve Griliches and approximately 200 financial analysts, industry analysts and media attended the 2011 Huawei Analyst conference in Shanghai and Beijing last week.

In 2010 Huawei forecasted 20% growth for 2011. Actual growth was 24.2%, $28 billion, and the company’s operating profit increased 15.8% to $4.4 billion. Cash flow was $4.3 billion with a CAGR of 49% over 5 years. Huawei estimates that the company will end 2011 at $31 billion for the year. Huawei attributed the increased revenues to its 1) consolidation of leadership teams, which increased efficiencies and focus, and 2) expansion into and penetration of the enterprise and device businesses. Highlights for 2010: enterprise segment came in at $2 billion, and Huawei initiated 47 major managed services contracts and created a cyber security center in the UK.

This report covers some general highlights, which are in the annual report, some key trends, internal challenges as well as Huawei’s overall strategy for several product lines. It also discusses some product line issues. To read more, go to ACG Research's our store or contact

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