
Lose-lose US sanctions apply brakes to Huawei’s 2020 progress
With the utmost stress utilized to the corporate by quite a few authorities bans on the usage of its know-how in nationwide communications infrastructures, Huawei’s newest annual outcomes have proven that though its progress slowed, enterprise efficiency was largely in keeping with the forecast, with annual rises in income and revenues.
In its 2020 annual report, the corporate revealed gross sales income for the yr rounded off at US$136.7bn, up 3.8% year-on-year, and internet revenue reached US$9.9bn, up 3.2% year-on-year. The report additionally confirmed that its provider enterprise continued to make sure the steady operations of greater than 1,500 networks