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Huawei’s Comeback Continues as Quarterly Profit Leaps 564%
The Chinese firm’s revenue was $24.65 billion for the first three months of the year after it saw its fastest revenue growth in four years in 2023
Resurgent Chinese tech giant Huawei saw its net profit surge by 564% in the first quarter of the year, as the sanction-hit firm continues its renaissance. Huawei Technologies’ net profit leapt to $2.71 billion, from January to March, a regulatory filing by its parent company showed on Tuesday. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor.
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