Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent t...
HONG KONG - Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan , in the Chinese technology firm’s first-ever quarterly results.
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. 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.
By the end of March, Huawei said it had signed 40 commercial 5G contracts with carriers, shipped more than 70,000 5G base stations to markets around the world and expects to have shipped 100,000 by May.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei says its first-quarter revenue jumped 39% despite political pressureHuawei said 2019 'will be a year of large-scale deployment of 5G around the world' and its carrier business 'has unprecedented opportunities for growth.'
Read more »
Unaware he had measles, a man traveled from N.Y. to Michigan, infecting 39 peopleHow one traveler who contracted measles in New York City traveled to the Detroit area and got 39 people sick. And how health officials tracked him down to control the outbreak.
Read more »
39 Painful, Horrible, Terrible Things Every '00s Girl Has Been Through39 Awful, Gross, Painful Things Every '00s Girl Has Been Through
Read more »
Huawei says not discussed 5G chipsets with Apple: chairmanHuawei Technologies, one of the world's biggest smartphone makers, has not ...
Read more »
Huawei secured 40 5G commercial contracts by end-MarchChina's Huawei Technologies Co Ltd said on Tuesday it had secured 40 commer...
Read more »
U.S. intelligence says Huawei funded by Chinese state security: reportU.S. intelligence has accused Huawei Technologies of being funded by Chinese sta...
Read more »
China's Huawei makes second attempt at Brazil smartphone marketChina's Huawei Technologies Co Ltd is making a second attempt at cracking t...
Read more »
Huawei Revenue Jumps as 5G Contracts Roll InHuawei said its first-quarter revenue jumped 39% to $26.81 billion, as the Chinese telecom giant made further inroads in the market for 5G wireless technology
Read more »
Trump Takes Aim at Huawei After Ex-Obama Official Becomes LobbyistPresident Trump lashed out at Huawei Technologies after a former Obama-era official registered as a lobbyist for the Chinese telecom giant.
Read more »
Poland to hold off blanket ban on Huawei 5G gear due to cost concernsPoland is unlikely to exclude all Huawei equipment from its next generation mobi...
Read more »