Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China.
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BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020.
Huawei has come under pressure in the last few years from U.S. sanctions. Last year, Huawei reported its first annual revenue decline on record.
However, the company’s latest figures showed second-quarter revenue of 170.6 billion yuan ($25.5 billion), up by 1.4% from a year ago, according to CNBC’s calculations.
That’s after a nearly 14% plunge in year-on-year revenue in the first quarter, and double-digit declines for every quarter going back to the third quarter of 2020. Revenue rose by 3.7% from…
