Huawei Announces 2020 H1 Business Results
July 18, 2020: Huawei announced its business results for the first half of 2020. The company generated US$64.23 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%.[1] Huawei's carrier, enterprise, and consumer businesses achieved US$22.58 billion, US$5.13 billion, and US$36.19 billion in revenue, respectively.
As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery. Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies.
The complex external environment makes open collaboration and trust in global value chains more important than ever. Huawei has promised to continue fulfilling its obligations to customers and suppliers, and to survive, forge ahead, and contribute to the global digital economy and technological development, no matter what future challenges the company faces.
Home >> Technology Section
Hilton Signs First Tapestry Collection by Hilton in Saudi Arabia with Al Musbah ...
SADAFCO Publishes 2024 Sustainability Report, "Empowering Sustainable Chang ...
Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!
Discover the Flavours of the Ottoman Empire with Address Hotel Jabal Omar Makkah
Emirates A350 debuts in Dammam
Tadej Pogačar sprints to second in thrilling stage 2 at the Tour de France
IATA Comments on Misguided Solidarity Levy Proposal
Mercato Wows Visitors with Circus Spectacles, Iconic Slide, and Weekly Cash Priz ...
To Increase Capacity and Strengthen Supply Chains Minister Al-Jasser Lays Found ...
Aster Sanad Hospital Supports Saudi Talent at PSCEMS Career Day
G-SHOCK's Summer Style Statement: Metal-Cased Watches That Define the Season
UAE Team Emirates-XRG and Tadej Pogačar aim for fourth Tour de France title
Passenger Growth Hits 5% in May
João Almeida: Racing for Glory and Riding for the Team
May Air Cargo Demand Up 2.2% Despite Trade Disruptions
UAE Team Emirates-XRG take home five National Championship victories
Jeddah e-prix double-header becomes most-watched formula e weekend in history, d ...
In the Presence of H.E. Al-Jasser … Mawani Signs Privatization Contracts for Mu ...
Hibrid and Alibaba Cloud Sign MoU to Deliver Advanced Streaming and Comprehensiv ...
Get Ready for Fabulous Summer Looks with BADgal BANG! Power Blue Mascara!