Huawei quarterly revenue grows 39 per cent amid heightened U.S. pressure GlobeBusiness
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 limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.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.
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