Huawei, the biggest global maker of network equipment for phone and internet companies, on Monday reported revenue of 179.7 billion yuan for the first three months of the year.
Washington's pressure on allies to avoid Huawei, China's first global tech brand, threatens to block access to Europe and other markets as carriers prepare to invest billions of dollars in next-generation technology.Huawei, founded by a former Chinese military engineer in 1987, is privately held but reports financial results to try to defuse Western security concerns.
Huawei gave no quarterly earnings but said its profit margin was 8%. That would be about 14.4 billion yuan . The revenue growth reported Monday was higher than the 19.5% gain reported earlier for 2018 annual revenue. The company earlier reported annual sales of 721.2 billion .
Didn't we recently detain their CFO for the US government?
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »