Burgeoning Chinese telecoms vendor, Huawei Technologies, has released its results for the year to December 2010 showing a 24.2% increase in revenues and an increase in net profit of 30%.

Revenue was CNY185.2 billion and net profit CNY23.8 billion, representing a profit margin of 30%. Telecom network sales accounted for 66% of the total.

Source: IT Wire

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