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Mon, May 20, 2019 | Last Updated 9:06 pm IST

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Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan

Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
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Accordingly the Shenzhen-based firm, the world’s biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit. Meanwhile, the limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.

Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan


Furthermore, Huawei has repeatedly denied the allegations and launched an unprecedented media blitz by opening up its campus to journalists and making its typically low-key founder, Ren Zhengfei, available for media interviews.


Moreover the Chinese firm, which is also the world’s No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the U.S. campaign. Apparently, Huawei also said on Monday it had shipped 59 million smartphones in the first quarter. It did not disclose year-ago comparable figures, but according to market research firm Strategy Analytics, Huawei shipped 39.3 million smartphones in the first quarter of 2018.


Huawei Technologies first-quarter revenue jumped 39% to 179.7 billion yuan
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