Huawei third-quarter revenue rises 3.7%, ending double-digit growth streak

Topics Huawei | Q3 results


China's Huawei Technologies Co Ltd reported a meagre 3.7% rise in quarterly revenue on Friday, ending the double-digit growth run it enjoyed earlier this year. January-September revenue reached 671.3 billion yuan ($100.4 billion), Huawei said in a statement, without providing a segment breakdown.

That represented a 9.9% increase compared with the same period last year. For the third quarter alone, revenue reached 217.3 billion yuan, versus 209.5 billion yuan a year earlier, Reuters' calculations showed. Net profit margin.....

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