Huawei Declares ‘Business as Usual’ After Weathering US Curbs
- It reports its third straight quarter of revenue growth
- Huawei expects macroeconomic turbulence but stresses long term
This article is for subscribers only.
Huawei Technologies Co. posted its third straight quarter of growth, declaring a return to normalcy after overcoming a plethora of US restrictions this year.
The company’s sales rose 7.2% to 191 billion yuan ($27.4 billion) in the December quarter, according to Bloomberg’s calculations off annual figures, after carving out new income streams from areas such as smart cars and cloud services. 2022 sales stood at 636.9 billion yuan, the Shenzhen-based company said, up marginally from a year earlier.