Huawei Posts Growth Despite US Sanctions

Huawei Posts Growth Despite US Sanctions


ICT infrastructure growth in Q2 drove a three quarter revenue of 445.8 billion yuan, the company reports, as it plows money into research and development and new business areas.

The performance was in line with the company's forecast - with Q3 revenues up 6.5% on a year earlier, based on Reuters calculations.

Smartcar components, energy efficiency systems and cloud services are now being pushed to the front of Huawei's business as it seeks to readjust following its placement on a US export blacklist.

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