Tuesday, 23 April 2019 11:26

Despite US pressure, Huawei revenue continues to rise

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Despite US pressure, Huawei revenue continues to rise Image by Tumisu from Pixabay

In what is clearly a bid to rile its US detractors, Chinese telecommunications equipment giant Huawei Technologies has announced results for the first quarter — something it has never done — showing a revenue increase of 39% year-on-year.

In a statement, Huawei said revenue for 1Q2019 was CNY179.7 billion (A$37.58 billion), adding that the profit margin was about 8%, slightly higher than for the corresponding period in 2018.

The US has been campaigning for many years to try and get countries it considers allies to boycott Huawei gear in 5G rollouts.

But Huawei said this year would be one of large-scale deployment of 5G globally, and as a result its Carrier Business Group had "unprecedented opportunities" for growth.

It said by March-end, it had signed 40 commercial contracts for 5G deployment worldwide, and shipped more than 70,000 5G base stations.

In the first quarter of 2019, the statement said the company's Enterprise Business Group had launched its digital platform and a new strategy known as "Huawei Inside".

"Huawei is committed to building the foundations of a digital China and the core of a digital world by delivering the Digital Platform along with ubiquitous connectivity and pervasive intelligence," it said. "Huawei's Enterprise Business Group also deployed the world's first 5G-enabled Wi-Fi 6 access point. As of the end of Q1 2019, Huawei had shipped more Wi-Fi 6 products than any other company worldwide."

The Consumer Business Group also showed growth in the period, shipping 59 million smartphones during the first quarter of 2019. "In other business segments like PCs, wearables, and smart home, Huawei has been welcomed by global consumers for its leading, innovative products and superior user experiences," the statement said.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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