A combination of the COVID-19 outbreak and the Trump administration’s focus on the company has grounded the once high-flying Huawei. first-quarter revenue this morning of CNY182.2 billion ($25.7 billion USD). That was a meager 1.4% gain year-over-year. Last year it reported a 39% jump in revenue during the period. The company also reported that its profit margin for the first quarter was 7.3%. While the company didn’t reveal its bottom line, with the aforementioned net profit margin net income would be CNY13.4 billion ($1.9 billion USD). Huawei said that the Q1 results were “in line with …
Powered by WPeMatico
