Page 43 - SAMENA Trends - March 2020

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Huawei Releases Its 2019 Annual Report

Huawei released its 2019 Annual Report, our partners around the globe. Business more than 700 cities and 228 Fortune
detailing a solid business performance. remains solid." In 2019, Huawei's carrier Global 500 companies have chosen
The company's global sales revenue in business led the commercial rollout of Huawei as their digital transformation
2019 rounded off at USD$123 billion, up 5G networks. To further commercial partner. In 2019, Huawei announced
19.1% year-on-year; its net profit reached adoption and promote new innovation in its computing strategy with the aim of
USD$9 billion; and its cash flow from 5G applications, the company established cultivating fertile soil for the intelligent
operating activities topped USD$13.1 5G joint innovation centers together with world to flourish. As part of this strategy,
billion, up 22.4% year-on-year. As part carriers worldwide. Huawei's RuralStar the company launched the world's fastest
of a long-term, ongoing investment in base station solutions can effectively AI processor, the Ascend 910, and the
technological innovation and research, address coverage problems in remote AI training cluster Atlas 900. In 2019,
Huawei invested 15.3% of its 2019 revenue areas. These solutions are being used in sales revenue from Huawei's enterprise
– or approximately USD$18.8 billion – over 50 countries and regions, bringing business reached USD$12.8 billion, up
back into R&D. Its total R&D spend over mobile Internet to more than 40 million 8.6% year-on-year. Huawei's consumer
the past decade now exceeds USD$85.9 people living in remote areas. In 2019, business continues to see robust growth,
billion. "2019 was an extraordinary year for sales revenue from Huawei's carrier with a total of 240 million smartphones
Huawei," said Eric Xu, Huawei's Rotating business reached USD$42.5 billion, up shipped throughout the year. The company
Chairman. "Despite enormous outside 3.8% year-on-year. Huawei's enterprise reports further progress in developing the
pressure, our team forged ahead with business continues to support the digital Seamless AI Life ecosystem across all
a singular focus on creating value for transformation of customers across scenarios and devices, including personal
our customers. We worked hard to earn industries as the company helps lay the computers, tablets, wearables, and smart
their respect and trust, as well as that of foundations for the digital world. Globally, screens. In 2019, sales revenue from
Huawei's consumer business reached
USD$66.9 billion, up 34% year-on-year.
"The external environment will only get
more complicated going forward," Xu
cautioned. "We need to keep enhancing
the competitiveness of our products and
services, promoting open innovation, and
creating greater value for our customers
and society at large. This is the only way
we can seize the historic opportunities
presented by the digital and intelligent
transformation of industries, and maintain
robust growth in the long run." All financial
statements in the 2019 Annual Report
were independently audited by KPMG, an
international Big Four accounting firm.
To download the 2019 Annual Report,
visit www.huawei.com/en/press-events/
annual-report/2019

Huawei to Promote Digital Inclusion in Lanka

Huawei recently launched Tech4all in Sri this change? It is vital that governments, innovation, and in terms of applications,
Lanka, to promote the digital inclusion for industry organizations and business Huawei will empower the ecosystem, and
people and small businesses by focusing partners act together to promote digital help developers create more applications
on connectivity, applications and skills. inclusion for all,” Vice President of Huawei for different communities and industries.
Tech4all is Huawei’s long-term, digital Enterprise Business in Sri Lanka, Indika Huawei will work with governments,
inclusion initiative for using technology, de Zoysa said. “We call it Tech4ALL and local communities, and other industries
applications and skills to empower focus on the three priorities: Connectivity, to enhance awareness of digital skills
people and organizations everywhere. Applications and Skills,” he said, adding and provide necessary help.” Huawei
“Technology is changing the world so fast. that in terms of connectivity Huawei will is committed to work towards digital
But how can we make sure that all people continue to lower the barriers in terms of inclusion based priorities of TECH4ALL,
and all organizations can benefit from cost and coverage through technological and support partners to achieve island

43 MARCH 2020