Net profit is expected to rise by around 29% to US$2.4 billion compared to the US$1.9 billion in 2012. Revenues are expected to rise from US$32 billion to US$35 billion over the same period he wrote in the memo which has been seen by the Reuters news agency.
"We should devote our limited energy to specific business objectives, and avoid the impulse to expand business blindly," Guo said. "Managers who expand business blindly must be held accountable."
He did not provide any break down though of how the revenues would be split between the infrastructure, services or handset divisions.
The rise in revenues and profits comes despite the company's ongoing setbacks in its attempts to increase its presence in the key US market.
On the web: Reuters
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