Huawei reported revenues of CNY671.3 billion ($100.5 billion) for the primary three quarters of the 12 months, a rise of 9.9% over the identical interval final 12 months, the corporate mentioned in a launch.
In the identical interval the earlier 12 months, the seller had recorded a income development of 24.4%.
Huawei doesn’t break down income by enterprise group in its interim stories.
The corporate didn’t reveal its income for the interval however famous that the web revenue margin within the first 9 months of the 12 months was 8.0%. Within the first three quarters of final 12 months, Huawei’s internet revenue margin was 8.7%.
Huawei highlighted that its enterprise outcomes for the interval “principally met expectations”.
“Because the world grapples with COVID-19, Huawei’s world provide chain was put beneath intense strain and its manufacturing and operations noticed growing difficulties. The corporate acknowledged it might do its greatest to seek out options, to outlive and forge ahead, and to satisfy its obligations to prospects and suppliers,” Huawei mentioned.
Shifting ahead, Huawei mentioned it might “leverage its strengths in ICT applied sciences similar to AI, cloud, 5G, and computing to offer scenario-based options, develop trade functions, and unleash the worth of 5G networks together with its companions.”
Huawei’s enterprise had been negatively impacted by various sanctions imposed by the usgovernment over alleged safety points. Washington has been additionally urging key allies to ban Huawei for the deployment of 5G infrastructure.
At Huawei Join in late September, rotating chairman Guo Ping said Huawei at present holds ample inventory of chips for the corporate’s community gear companies to beat provide chain obstacles raised by U.S. sanctions.
The manager additionally famous that the seller is at present going through some issues with the provision of chips for the patron phase.
Guo added that the seller is within the means of evaluating its choices for future provide of chips. “The U.S. sanctions not solely prohibit Huawei and prohibit non-US firms from supplying Huawei, in addition they have an excellent influence on the gross sales of U.S. firms’ chips. We hope the U.S. will rethink its determination, and, whether it is keen to offer chips, we are going to proceed to buy and use chips with U.S. know-how,” Guo mentioned.
In his presentation, Guo mentioned steady U.S. assaults on the corporate had raised “nice challenges to our manufacturing and operations”, and that survival is the aim” within the close to time period.
Regardless of the continued pressures from the usgovernment, Guo mentioned he expects the corporate’s enterprise fundamentals to stay secure for a while and famous that the corporate will not be planning company-wide employees cuts.