Reuters: Huawei expects revenue to top US$100 billion, up 8.7%

Huawei executives said the company is on track to exceed US$100 billion in revenue this year, up 8.7%, according to Reuters.

Ken Hu, the rotating CEO of Huawei, told Reuters that the company has secured 25 commercial contracts for 5G so far, up from 22 announced in November.

https://www.reuters.com/article/us-usa-china-huawei-outlook/huawei-to-spend-2-billion-over-five-years-in-cybersecurity-push-idUSKBN1OH0K9

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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.