Huawei posted revenues of CNY179.7 billion ($26.8 billion) in the first quarter of 2019, an increase of 39% year-on-year, the company said in a release.
The vendor’s net profit margin in Q1 2019 was about 8%, slightly higher compared to the same period last year.
“Huawei maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations, which has helped contribute to its solid performance in the first quarter of 2019,” the company said.
