Chinese tech giant Huawei has revealed that its revenue increased by 2.4 percent.
Huawei announced its business results for the first three quarters of 2023 on Friday. During this period, Huawei generated USD 42.40 billion in revenue, with a year-on-year increase of 2.4% and a net profit margin of 16.0%.
Ken Hu, Huawei’s rotating chairman, said, “Huawei’s performance is in line with the forecast. I’d like to thank our customers and partners for their ongoing trust and support."
“Moving forward, we will continue to increase our investment in R&D to make the most of our business portfolio and take the competitiveness of our products and services to new heights, Ken Hu added.
He also said that, as always, Huawei’s goal is to create greater value for its customers, partners, and communities.