Huawei to buck global telecom trends

Huawei Technologies Co Ltd said on Tuesday that it is confident it will maintain sound momentum for the whole of 2018, after its revenue for the first six months reached 325.7 billion yuan ($47.6 billion), outperforming the slowing global telecom and smartphone market.

Huawei said its revenue grew 15 percent year-on-year, maintaining the same expansion rate as the first six months of 2017. The stable result comes thanks in part to solid performance across its consumer device, enterprise business and cloud divisions.

Its operating profit margin stood at 14 percent, up 3 percentage points from a year ago.