Huawei’s revenue jumps nearly 25%
The Chinese technology giant’s revenue grew 24.4% in the first three quarters of 2019 to $86 billion despite a US campaign to isolate the company globally.
The company’s nine-month revenue rose despite the US pressure
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Huawei's revenues increased to S$118 billion and its profit margin grew 8.7 per cent. The company has signed more than 60 commercial contracts for 5G telecom networks with leading global carriers. As a reminder, the technology giant was blacklisted from both the US market and buying crucial US components. But despite this pressure, the company managed to who decent results this year.
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