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Huawei’s second quarter revenue rises slightly from a year ago

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Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China.

Jade Gao | Afp | Getty Images

BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.

Huawei has come under pressure in the last few years from U.S. sanctions. Last year, Huawei reported its first annual revenue decline on record.

However, the company’s latest figures showed second-quarter revenue of 170.6 billion yuan ($25.5 billion), up by 1.4% from a year ago, according to CNBC’s…



Source cnbc.com

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