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  • The Independent

    Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

    by Zen Soo Mar 29, 2024 2 minutes
    Source: Copyright 2023 The Associated Press. All rights reserved

    Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions.

    The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped by strong sales and an improved product portfolio. Revenue

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