Huawei Technologies is forecast to record $108.5 billion in sales in 2018, marking a year-on-year growth of 21 percent, the company said on Thursday.

The growth rate is faster than the company recorded in 2017 which stood at 15.7 percent.

The results highlight global clients' recognition of Huawei and they are the best responses to security allegations against the company, said Guo Ping, rotating chairman of Huawei, in an internal letter.

"Our policies toward suppliers will stay unchanged. We will, in particular, unswervingly cooperate with US suppliers to achieve win-win growth," Guo said.

The company did not disclose profit figures.