Huawei announces Q1 2019 business results

New Delhi: Reporting its first-ever quarterly result, Chinese telecom giant Huawei on Monday said its revenue in the first quarter of 2019 grew 39% to 179.7 billion yuan ($26 billion), showing that the US-led campaign to ban the firm’s 5G equipment has had little impact on its businesses worldwide.

Huawei, which is among the top three smartphone makers in the world besides Samsung and Apple, said it and shipped 59 million smartphones in the first quarter of this year.

The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.