Revenue surges: Huawei’s mobile phones are displayed at a telecoms service shop in Hong Kong. Huawei’s revenue rose 39% over a year earlier in the latest quarter despite US pressure. — AP
HONG KONG: Huawei Technologies said its first-quarter revenue jumped 39% to 179.7 billion yuan (US$26.81bil), in the Chinese technology firm’s first-ever quarterly results.
The Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8% for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit.
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