Huawei reported the results of its business during the first three quarters of 2020, noting that it achieved revenues of $ 98.57 billion, an increase of 9.9 percent over the same period last year.
The company’s net profit margin reached 8 percent, and these results are part of its financial forecasts for the first nine months of 2020.
The company indicated in a statement that as the world grapples with the effects of the “Covid-19” pandemic, its global supply chain has been subjected to tremendous pressures and its production and operations have witnessed more challenges, stressing that it will do its utmost to find solutions in order to overcome the difficulties and move forward with Innovation and fulfilling its obligations to customers, suppliers and partners.
From now on, Huawei will rely on its strengths in information and communication technology, such as artificial intelligence, cloud computing and the fifth generation, to provide solutions that keep pace with all business scenarios, develop applications for each sector, and unleash new features and values in the fifth generation networks in cooperation with its partners.
The stated goal of the company is to help institutions grow their businesses, help governments to strengthen local industry, and make the most of information and communication technology products and solutions in developing and developing the business of various sectors and industries and improving overall governance.
The company continues to work closely with its global partners, using its innovative information and communication technologies, to create greater value for its customers’ business, despite the difficult stage it is currently going through.
The company will continue its focus on contributing to the response efforts to the Corona epidemic, the requirements of economic growth, and working to provide more economic incentives and social progress during the current and upcoming stage.