Huawei Technologies posted revenue growth of 10 percent in the first nine months despite facing strict sanctions abroad, the tech giant said on Friday.
Huawei generated 671.3 billion yuan (US$100 billion) in revenue in the three quarters, an increase of 9.9 percent over the same period last year. The company’s net profit margin during the period was 8 percent. These results “basically met expectations,” Huawei said in a statement.
“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,” the company said.
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