Chinese telecommunications equipment and services provider Huawei saw revenue rise 8% to 220.2 billion yuan ($35 billion) in 2012, according to unaudited results published today.
This is a slight dip from the 11% growth the company saw in 2011.
The majority of Huawei’s 2012 revenue ("about 70%") came from telecommunications providers, it said. Europe, the Middle East and Africa was its largest market during the year, accounting for 35% of sales.
Net income, meanwhile, grew 33% to 15.4 billion yuan ($2 billion). In 2011, net profit had dropped by 53% to 11.7 billion yuan ($1.8 billion)
Huawei sells the full range of telecommunications equipment, from mobile infrastructure to smartphones.
In November, figures by research firm Gartner showed Huawei had the fifth-largest share of the global smartphone market with 2.8%. However, CFO Cathy Meng said at a results presentation that this share is "still way too low and there is a lot of room for growth".
The US contributed just 14% of Huawei sales in 2012, reflecting security concerns about the company. In October, a report by a US security committee called for Huawei and ZTE to be barred from any mergers and acquisitions in the US.