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China’s Huawei reports modest revenue growth for first three quarters of 2023

October 27, 2023
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Open this photo in gallery: A Huawei headquarters building in Reading, Britain, on July 14, 2020.Matthew Childs/Reuters China’s Huawei Technologies saw a slight uptick in revenue in the first three quarters of 2023, with the company citing growth in its digital power and cloud businesses as well as the growing competitiveness of its vehicle components unit. Huawei posted revenues of 456.6 billion yuan ($62.4-billion)for the first three quarters of the year, up 2.4 per cent from a year earlier. In contrast to the modest rise in revenue, profit rose 177.8 per cent in the period to 73.05 billion yuan, according...
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