MADISON, Wis.—On the day its biggest rival Ericsson lost a CEO under mounting pressure from investors, Huawei Technologies based in Shenzhen, China Monday reported a 40 percent jump in first-half sales.
The Chinese telecom gear giant’s sales revenue reached 245.5 billion RMB ($36.8 billion) in the first six months of 2016, the company announced. Its operating margin fell to 12 percent, compared with 18 percent in the previous half-year.
Huawei saw steady growth across all three of its business groups — including enterprise, consumer and carrier businesses — Sabrina Meng, Huawei's chief financial officer, said in a statement. Huawei will “maintain its current momentum, and round out the full year,” she added.
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