It appears from recent reports that Huawei, the Chinese company which started as a telecoms supplier, has been reaping the benefits of its new focus on cloud. According to the vendor, cloud computing technology advances have been the reason for its recent good financial performance.

The company said that 2014's 15 percent revenue increase was driven by cloud then smart devices. Huawei's 2014 revenue is $46bn. It is true that a stronger demand for smart devices helped to improve its 2014 revenue however the cloud claims are consistent with strategy announcements which have been coming out of the company for some time.

Huawei's initial projections indicated that it would achieve sustainable growth in 2014. It had targeted annual growth of about 10 percent and it looks like it exceeded that goal. Based on its expectations, Huawei as a whole should top $70 billion in annual revenue by 2018.

The Shenzhen-based company said last year that it would achieve higher growth in 2014. It had targeted revenue of $70 billion by 2018, or annual growth of about 10 percent a year.

Talking to DatacenterDynamics at the recent London Converged event Huawei’s Chenggang Duan, senior marketing manager, said that people needed to know that Huawei was a cloud and data center business, adding that Europe was a major focus for them. Meanwhile Digital Realty Trust Inc. (NYSE:DLR) signed new leases of more than $45M of annualized rental revenue during the fourth quarter, bringing the annual total for 2014 to over $155m.

Meanwhile it has 135.53 million outstanding shares with a current market capitalization of 9.173bn. The company stock closed at $67.69 moving up by 1.93% in its last trading day. This bodes well for REITs in the medium term.

Below: Click the image to see Chenggang Duan speaking to Datacenter Dynamics at DCD Converged London 2014