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Despite U.S. ban, Huawei reports year-over-year revenue growth of 23%

July 30, 2019

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Despite the political headwinds of the U.S. ban, Huawei reported on Tuesday that its revenue increased 23.2% year over year to $58.3 billion.

In the press release, Huawei Chairman Liang Hua described his company’s operations as “smooth,” and said the “organization is sound as ever.” Huawei’s net profit for the first half of this year was 8.7%.

Sales revenue for Huawei’s carrier business reached 146.5 billion yuan ($21.3 billion), with growth in production and shipment for wireless networks, optical transmission, data communications, IT, and “related product domains.”

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