Huawei reports $18.3 billion in 2008 revenue

Light Reading Asia has a report and table charting the progress that Chinese vendor Huawei Technologies has made recently in climbing the ranks of top revenue-generating global vendors. The sometimes enigmatic firm just reported 2008 financial results that show a $1.15 billion profit on revenue of $18.33 billion.

The company currently ranks about fifth in revenue among global network equipment vendors, but it has been charging hard the last few years, and if its pace continues, Light Reading says it could move into second place before too long. Still, at a time when vendor Nortel Networks assets potentially could be chopped up and sold to a number of different players, Huawei may not be the only big company on the move. Also, international currency exchange rates increasingly are cited as having a major effect on fluctuations in vendor revenue.

For more:
- Light Reading Asia has this report [1]

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