Huawei Reports First-Quarter Revenue Boost
The world’s largest telecommunications equipment maker posted a 39 percent increase in revenue, to $26.8 billion, during the first three months of 2019. Huawei’s first-ever quarterly report also disclosed an 8 percent profit margin, which suggests that business is booming despite a U.S effort to pressure countries to drop its technology over cybersecurity concerns.
Why is Huawei so successful? It’s leading the charge in the global 5G rollout, claiming to have signed dozens of commercial contracts with mobile carriers and shipped more than 70,000 base stations to various markets.
Don’t miss OZY’s Special Briefing on the Huawei scandal.