Huawei’s first quarter revenue increases 39 per cent as it keeps focus on network gear, smart devices

Huawei Technologies, the world’s largest telecoms equipment vendor and a top 3 smartphone brand, said it registered strong growth in all business segments in the first three months this year, indicating resilience in the face of US pressure to curtail its participation in the roll out of global 5G network infrastructure.Huawei generated revenue of 179.7 billion yuan (US$26.8 billion), an increase of 39 per cent year-on-year. The company’s net profit margin in the first quarter was about 8 per…

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