Huawei Technologies experienced a marginal increase in revenue during the initial three quarters of 2023. The company attributed this growth to the expansion of its digital power and cloud divisions, along with the enhanced competitiveness of its vehicle components segment.


Huawei reported revenues of 456.6 billion yuan ($62.4 billion) for the first three quarters of the year, representing a 2.4% rise compared to the previous year. In contrast to the modest revenue increase, profit surged by 177.8% during this period, reaching 73.05 billion yuan, as calculated by Reuters.

The increase in profit was driven by payments related to Huawei's sale of its Honor smartphone unit in November 2020, as well as enhancements in management and sales strategies, according to a spokesperson from the company...

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