Huawei Technologies, one of the world's largest telecom equipment makers, on Monday posted a 30 per cent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve "effective growth" in 2015.

The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure, posted an operating margin of 18 per cent in the first six months of 2015, compared with 18.3 per cent in the previous half-year. The private company did not elaborate in its brief statement.

"Huawei achieved stable and healthy growth in all of its three business segments," Huawei CFO Meng Wanzhou said in the statement, referring to the company's telecom, consumer device and enterprise business segments.

"We are confident that we will maintain effective growth and steady and healthy development in all business segments in 2015."

Huawei earlier this year set a target of 20 per cent growth in global revenue for 2015.

Last year, Huawei reported a 19 per cent rise in its first-half revenue. The company reported an operating margin of 11.9 per cent in 2014.

Huawei had targeted overall revenue of $70 billion by 2018, which translates as roughly 10 per cent annual growth. It posted 21 per cent revenue growth last year. – Reuters