Huawei fetches 3.8pc net profit in Q1 ‘21

Staff Correspondent

29 April, 2021 12:00 AM printer

Chinese tech giant Huawei registered 3.8 per cent net profit revenue in first quarter of 2021  and a patent royalty income of $600 million (approx. Tk 50.87 billion) despite coronavirus pandemic. 

The information came through its business results for the first quarter of 2021 on Wednesday, said a press release.    

"2021 will be another challenging year for us, but it's also the year that our future development strategy will begin to take shape," said Eric Xu, Huawei's Rotating Chairman.

"We will remain focused as always on the needs of our customers and keep delivering practical business value," he added.

Huawei is driving efforts to fully unleash the value of 5G. It is helping carriers around the world roll out their 5G networks, meeting the demands of consumers and industries alike while boosting its own delivery efficiency.

"We remain committed to technological innovation and investing heavily in R&D as we work to address supply continuity challenges caused by restrictions in the market," stressed Xu.

"We will continue making breakthroughs in basic science and pushing the frontiers of technology," said Xu.

Huawei continues to improve its software engineering capabilities and ramp up investment in the software sector to gradually increase the proportion of software and services in its total revenue mix.