The Financial Express

Huawei generates $86b revenue in first three quarters

| Updated: October 21, 2019 13:03:42

Huawei generates $86b revenue in nine months

Huawei generated 86 billion US dollar in revenue in the first three quarter of the current year, a 24.4 per cent year-on-year growth. The company’s net profit margin in this period was 8.7 per cent.

The telecommunications equipment company has maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations.

This contributed to increased operational and organisational stability and solidified the company's performance, says a media release.

In the carrier business, commercial deployment of 5G networks around the world has sped up.

Huawei has continued to launch innovative solutions with leading carriers like-- 5G Super Uplink, smart & simplified transport networks.

The company has also worked with industry partners to establish an industry alliance and an industry innovation base for 5G deterministic networking to enable the innovation and growth of carriers.

To date, Huawei has signed more than 60 commercial contracts for 5G with leading global carriers and shipped more than 400,000 5G Massive MIMO active antenna units (AAUs) to global markets.

The production and supply of its optical transmission, data communications, and IT products grew steadily.

In the enterprise business, the company launched the Huawei Horizon Digital Platform. This converged, open, and efficient platform was built on Huawei's extensive technological experience.

With it, Huawei aims to work with customers and partners to build a foundation for the digital world, creating a digital transformation industry worth trillions of US dollars.

This platform will also help various sectors like government, public utilities, finance, transportation, and electricity to speed up their digital transformation.

By the end of Q3 2019, more than 700 cities, 228 Fortune Global 500 companies, and 58 Fortune Global 100 companies had selected Huawei as their partner for digital transformation.

In the consumer business, Huawei's smartphone business has grown steadily. Huawei's smartphone shipments in the first three quarters of 2019 exceeded 185 million units, representing a year-on-year increase of 26 per cent. The company also witnessed rapid growth in other new businesses like PCs, tablets, wearables, and smart audio products.

The Vision smart screen, featuring unique innovations in software and hardware, was also launched in Q3, gaining high acclaim from the industry and consumers.

A more robust ecosystem that focuses on consumers and delivers a more seamless intelligent experience across all major user scenarios is now taking shape.

The Huawei Mobile Services ecosystem has developed rapidly, covering more than 170 countries and regions, as well as attracting over 1.07 million registered developers worldwide.

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