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Huawei reports 39% growth of $27 billion in Q1, despite US pressure on the world and its allies — TechGraph
Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly results. the world's biggest telecoms equipment maker, also said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit. Guo Ping, rotating chairman of the company, has said he expects all three business groups - consumer, carrier and enterprise - to post double-digit growth this year. Ren Zhengfei said in an interview with CNBC earlier this month that network equipment sales rose 15 percent while sales of the consumer business increased by more than 70 percent in the first quarter.