China's Huawei sees 32 percent jump in 2016 revenue

Reuters News
Posted: Dec 29, 2016 8:51 PM

(Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, said on Friday it expects to record a 32 percent jump in revenue for 2016, thanks to a strong performance across its business platforms.

The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for telecoms equipment, forecasts revenue will reach 520 billion yuan ($74.8 billion), said Eric Xu, Huawei rotating chief executive.

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(Reporting by Anne Marie Roantree; Editing by Edwina Gibbs)