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Huawei grows FY net profit 33%

2015-03-31 09:00:00| Telecompaper Headlines

(Telecompaper) Huawei reported net profit up 32.7 percent in 2014 to CNY 27.9 billion (USD 4.5 billion), and revenues rose 20.6 percent to CNY 288.2 billion. Growth was strongest at its consumer division, where sales rose 32.6 percent to CNY 75.1 billion on increasing smartphone sales and strong demand in emerging markets. The enterprise division posted sales up 27.3 percent to CNY 19.4 billion, led by growth in cloud data centre and networking products. At the main division carrier networks, Huawei increased sales 16.4 percent to CNY 192.1 billion. In addition to solid revenue growth, Huawei said profits were also helped by streamlined management and efficiency improvements. It also continued to invest heavily in R&D, with spending at CNY 40.8 billion in 2014, equal to 14.2 percent of revenue and up 29.4 percent from 2013. The company generated net cash flow of CNY 77.9 billion last year, and finished 2014 with debt of CNY 28.1 billion. 

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Nike Basketball Net Collector Society 2015 Collection

2015-03-30 22:15:41| Footwear - Topix.net

Playing off the colors synonymous with basketball programs, the Nike Net Collectors Society honors those who cut down the nets in March and were crowned champions. The new collection features the Hyperchase and Zoom HyperRev 2015 shoes, along with a men's basketball t-shirt, each paying homage to championship schools via abstract graphic patterns.

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FCC Chair: Net rules will withstand challenge

2015-03-30 08:27:37| Telecom - Topix.net

Tom Wheeler, chairman of the Federal Communications Commission, is confident that the net neutrality rules that the agency passed last month will survive upcoming challenges in court. FCC chairman: Net rules will withstand court challenge Tom Wheeler, chairman of the Federal Communications Commission, is confident that the net neutrality rules that the agency passed last month will survive upcoming challenges in court.

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'Net Backup Options Can Be Pricey

2015-03-29 11:34:47| Telecom - Topix.net

Small towns and rural areas across the U.S. are often described as "one stoplight" locales. But many are also one-Internet-line communities, which raises the risk that large regions may go offline if a network route is damaged.

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Claure: Without net neutrality, Sprint is a goner

2015-03-28 03:35:47| IT Services - Topix.net

Sprint Corp. CEO Marcelo Claure argues that without the new rules approved by the Federal Communications Commission preserving an open Internet, the telecom's larger rivals "are going to drive us out of business," CNET reports . Sprint came out in favor of the net neutrality rules, but its larger rivals - AT&T Inc. and Verizon Wireless - oppose classifying the Internet like a public utility.

Tags: net sprint neutrality net neutrality

 

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