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Huawei 1Q revenue edges up, profit margin narrows

Huawei 1Q revenue edges up, profit margin narrows

a year ago
Anonymous $QMjB47b2Hv

https://apnews.com/article/china-huawei-telecom-smartphone-ffd6ee991e1e25da75da8f6308624cd6

BEIJING (AP) — Chinese tech giant Huawei reported Friday that its revenue edged up 0.8% from a year earlier in the first three months of 2023 and the company was profitable.

Revenue rose to 132.1 billion yuan ($19.1 billion), a company statement said. It said its net profit margin was 2.3%, down from 4.3% a year earlier.