Huawei Defies Global Troubles With Accelerating Sales Growth

Huawei Defies Global Troubles With Accelerating Sales Growth

Foto: Fotolia

Huawei has withstood criminal charges and international scrutiny to post rising growth in the first two months of the year, according to Bloomberg.

Revenue climbed 36 percent in January and February compared with the year earlier, founder Ren Zhengfei said in a speech to a group of Russian scientists that the company confirmed. The pace is an acceleration from its 2018 sales increase of 21 percent and its projection for growth this year of about 15 percent.

After years of tension and accusations that the company makes it possible for Beijing to spy on the West, pressure on the company has ratcheted up since the Dec. 1 arrest of a senior executive. CFO Meng Wanzhou remains in Canada pending potential extradition to the U.S. as the company also faces criminal charges for intellectual property theft and an American push to shut it out of fifth-generation wireless networks.

The tensions have seen the normally media-shy Ren, who is Meng’s father, take to public forums, TV interviews and journalist meetings to fight back against the U.S. accusations. “The company is more united, working harder and our energy intensity is increasing,” Ren said in the note.

More from category

Amsterdam Hits Pause on Data-Center Boom

Amsterdam Hits Pause on Data-Center Boom

21 Jul 2019 comment

Amsterdam reckons it has more data centers than any other major city in the world, and that’s turned out to be too much of a good thing, according to Bloomberg.

Disneyland Is Tracking Guests and Generating Big Profits Doing It

Disneyland Is Tracking Guests and Generating Big Profits Doing It

21 Jul 2019 comment

With the recent opening of the Star Wars: Galaxy’s Edge theme park at California’s Disneyland, the company continues to boost its $20 billion resorts business, according to Bloomberg.

Microsoft Data Shows Hackers Are Still Targeting U.S. Elections

Microsoft Data Shows Hackers Are Still Targeting U.S. Elections

20 Jul 2019 comment

State-backed hackers have attempted to infiltrate targets related to U.S. elections more than 700 times in the past year, according to Bloomberg, citing a Microsoft blog post.