Huawei posted fastest growth in 4 yrs in 2023
Business Standard|March 30, 2024
Huawei Technologies sustained its run of strong quarterly profit growth, building on the resurgence of its consumer business against Apple's iPhone and the rise of its cloud division against incumbent Alibaba Group Holding.
Huawei posted fastest growth in 4 yrs in 2023

The Chinese networking and electronics leader reported net profit of about 13.9 billion yuan ($1.9 billion) in the December quarter, based on Bloomberg calculations from its financial figures. That's more than 65 per cent higher than the 8.4 billion yuan tally a year earlier.

This story is from the March 30, 2024 edition of Business Standard.

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This story is from the March 30, 2024 edition of Business Standard.

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