Huawei reports 9.9% revenue growth in first 3 quarters of 2020

SHENZHEN (CHINA): Huawei on Friday said that it generated a revenue of 671.3 billion yuan ($98.57 billion) in the first three quarters of this year, an increase of 9.9 per cent over the same period last year.

The results showed that restrictions imposed by the US slowed down growth of the Chinese technology giant as duriing the same period last year, the company reported revenue growth of 24.4 per cent, CNBC reported.