Huawei Revenue Up 39 Percent In Q1
Daniyal Sohail Published April 22, 2019 | 12:52 PM
Chinese tech giant Huawei's revenue rose 39 percent year on year to 179.7 billion yuan (about 26.82 billion US dollars) in the first quarter of the year, the company announced Monday
SHENZHEN, (UrduPoint / Pakistan Point News - 22nd Apr, 2019 ):Chinese tech giant Huawei's revenue rose 39 percent year on year to 179.7 billion yuan (about 26.82 billion US dollars) in the first quarter of the year, the company announced Monday.
The company's net profit margin in the first quarter was about 8 percent, slightly higher than in the same period last year.
Huawei continued to see robust growth of its consumer business as its smart devices led by smartphones continued to expand market presence. In the first quarter, Huawei shipped 59 million smartphones, according to its business report.
By the end of March, the company had signed 40 5G commercial contracts with carriers around the globe, with more than 70,000 5G bases shipped to markets around the world.
In 2018, the company raked in 721.2 billion yuan in global sales revenue, up 19.5 percent year on year, while its net profit increased 25.1 percent to reach 59.3 billion yuan.
Founded in 1987, Huawei is a private company fully owned by its employees and focuses on providing information and communications technology infrastructure and smart devices. The company operates in more than 170 countries and regions with more than 180,000 employees.
Related Topics
Recent Stories
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
More Stories From Technology
-
Applications Open for 6th Cycle of Start-up Incubation under the National Expansion Plan of NICs
2 hours ago -
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
2 hours ago -
OPPO Reno 11 F 5G: Setting New Records as Pakistan's Most Beloved Smartphone Lineup
1 day ago -
Light it Up with vivo V30 5G: Now Available in Pakistan
3 days ago -
Establishment of Pakistan's largest IT Park in Islamabad approved under SIFC
4 days ago -
E-Pay Punjab Collects Rs 400 Billion Revenue Through 50 Million+ Transactions
4 days ago
-
Transitioning from Tangled Cables To Seamless MagCharge Solution In Android phones
4 days ago -
Beyond Wires: A Secure and Efficient Charging Experience is upon us
4 days ago -
Allied Bank and Teamup Ventures collaborate for 3rd Allied Bank Fintech Hackathon
7 days ago -
Haier S800 LED TV: The Game Changer with Redefined Entertainment
7 days ago -
Vivo Unveils the Y03: Redefining Smartphone Excellence in Pakistan
8 days ago -
RENOvator's Gala: OPPO Unveils Reno11 Series in Pakistan; Pre-Orders Open for Reno11 F 5G
8 days ago