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Technology

Huawei reports 13% revenue growth despite US pressure

Chinese tech company shows resilience in 1st half ahead of UK decision on 5G

U.S. pressure continues to weight on Huawei earnings.   © Reuters

SAN FRANCISCO (Reuters) -- Huawei Technologies, the telecoms firm and No.2 smartphone maker, on Monday reported a 13.1% rise in revenue in the first half of the year, showing slower growth as U.S. officials continue to pressure the company's suppliers and customers.

Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.3 billion yuan the year before. However, the company's growth rate was down from 23.2% in the first half 2019. Huawei said net profit margins were 9.2%, up from 8.7% in the first half 2019.

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