Huawei ignores recession, growth in profits in 2008

“Loss” is the buzzword in the last two quarters in the amount of income the message from nearly every major manufacturer, Huawei, but somehow manages to work in some bizarro La-La Land, apparently, immune from the economic catastrophe unfolding around him. In 2008, the Shenzhen-based private firm posted an annual net profit of $ 1.15 billion, an increase of 20 percent from the year before, he had lost $ 776 billion in the process because of the yuan in profits relative to the dollar, but it is still very impressive. Interestingly, most of Huawei business comes from outside China, that the carriers around the world are looking beyond traditional infrastructure vendors like Ericsson, Alcatel-Lucent and Nokia Siemens to save a few dollars - in particular, including the coke for its forthcoming 700MHz buildout. 2009 may be somewhat weaker, due to soft demand in Europe, but nevertheless, they are predicting a massive 29 percent increase in contract wins. Good to see some serious gains in the market down, is not it?
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