SINGAPORE (Apr 21): Huawei has managed to grow its revenue by 1.4% in the first quarter, even though the telecom and IT giant got to deal with the Covid-19 outbreak in its home market China and across many markets where it is active in.
For the first three months this year, its revenue increased by 1.4% y-o-y to RMB182.2 billion. Its net margin in the same period was 7.3%, which is somewhat similar to it achieved in FY2019.
For its FY2019, Huawei recorded revenue of RMB 858.8 billion, up 19% from FY2018. Earnings in the same period was up 5.6% to RMB62.7 billion.