Huawei posts revenue growth in H1 despite sanctions and pandemic

Huawei posts revenue growth in H1 despite sanctions and pandemic

5 years ago
Anonymous $qOHwDUKgAF

https://techcrunch.com/2020/07/13/huawei-h1-2020/

Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued to weigh up bans on its equipment and smartphone sales shrink amid the pandemic, the telecom giant said in a brief on Monday.

The firm’s revenue reached 454 billion yuan ($64.88 billion) in the period, with its carrier, enterprise, and consumer businesses accounting for 35%, 8% and 56% of total revenue, respectively. It finished with a net profit margin of 9.2%, a slight increase from 8.7% in the same period last year.