Friday, 18 October 2019 11:39

Despite US tactics, Huawei says 3Q revenue rose by 24%

By
Despite US tactics, Huawei says 3Q revenue rose by 24% Image by Gerd Altmann from Pixabay

Chinese telecommunications equipment vendor Huawei Technologies has witnessed a rise of 24.4% in revenue for the third quarter of the calendar year, pulling in 610.8 billion yuan (US$85.6 billion), with a net profit margin of 8.7%.

The increased revenue comes after a sustained period of attack on the company by the US, which has attempted to drive down its business by claiming that its 5G equipment is vulnerable to security holes.

The US has also blocked Huawei from obtaining components from American manufacturers and not permitted it to use Google's Android mobile operating system for its mobile devices.

A statement from the company said it had been focusing on ICT infrastructure and smart devices and stepping up the efficiency and quality of its operations.

Huawei said it had signed more than 60 commercial contracts for the supply of 5G equipment around the globe, and shipped over 400,000 Massive MIMO active antenna units.

On the enterprise side, the company said it had launched the Huawei Horizon Digital Platform.

"This open and efficient platform was built on Huawei's extensive technological experience," it said. "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 speed up their digital transformation."

By the end of the third quarter, more than 700 cities, 228 Fortune Global 500 companies and 58 Fortune Global 100 companies had picked Huawei for digital transformation, the firm claimed.

Huawei said its cloud service development had also been speeded up.

"In Q3, Huawei announced its computing strategy and released Atlas 900, the world's fastest AI training cluster," it said.

"Other innovative products the company has launched include the HUAWEI CLOUD Ascend AI cluster services, 112 new services powered by Kunpeng and Ascend processors, and Industrial Intelligent Twins.

"These products achieved major breakthroughs in government, ISP, automotive, finance, and many other industries. Three million enterprise users and developers have used HUAWEI CLOUD to develop products and solutions."

The smartphone business saw 185 million units shipped upto the end of the third quarter, a year-on-year increase of 26%.

Huawei said its Mobile Services ecosystem had grown to cover 170 countries and regions, with more than 1.07 million registered developers around the globe.

CHIEF DATA & ANALYTICS OFFICER BRISBANE 2020

26-27 February 2020 | Hilton Brisbane

Connecting the region’s leading data analytics professionals to drive and inspire your future strategy

Leading the data analytics division has never been easy, but now the challenge is on to remain ahead of the competition and reap the massive rewards as a strategic executive.

Do you want to leverage data governance as an enabler?Are you working at driving AI/ML implementation?

Want to stay abreast of data privacy and AI ethics requirements? Are you working hard to push predictive analytics to the limits?

With so much to keep on top of in such a rapidly changing technology space, collaboration is key to success. You don't need to struggle alone, network and share your struggles as well as your tips for success at CDAO Brisbane.

Discover how your peers have tackled the very same issues you face daily. Network with over 140 of your peers and hear from the leading professionals in your industry. Leverage this community of data and analytics enthusiasts to advance your strategy to the next level.

Download the Agenda to find out more

DOWNLOAD NOW!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments