Huawei reports growth in first three quarters
The company’s net profit margin in this period was 8.0%
Huawei Technologies Co Ltd, a Chinese multinational technology company, generated US$98.57 billion in revenue in the first three quarters of 2020, an increase of 9.9% over the same period last year.
The company's net profit margin in this period was 8.0%. Throughout the first three quarters this year, Huawei's business results basically met expectations, says a press release.
As the world grapples with Covid-19, Huawei's global supply chain is being put under intense pressure, and its products and operations face significant challenges. However, the company continues to do its best to find solutions, survive and forge forward and fulfill its obligations to customers and suppliers, it reads.
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Huawei will leverage its strengths in ICT technologies such as AI, cloud, 5G, and computing to provide scenario-based solutions, develop industry applications, and unleash the value of 5G networks along with its partners. Its stated goal is to help enterprises grow their business and help governments boost the domestic industry, benefit constituents, and improve overall governance.
