Huawei declared on April 28 (Wednesday) that its net profit margin increased 3.8 percentage points year-on-year while announcing its business results for Q1 of 2021.
This is the outcome of the company’s efforts to improve the quality of operations and management efficiency, as well as a patent royalty income of $600 million, or nearly Tk 5,087 crore.
Eric Xu, Huawei’s rotating chairman, stated that, “2021 will be another challenging year for us, but it’s also the year that our future development strategy will begin to take shape.”
He added that, “No matter what challenges come our way, we will continue to maintain our business resilience. Not just to survive but do so sustainably. As always, we will remain focused on the needs of our customers and keep delivering practical business value.”
Huawei is on the forefront of efforts to fully unleash the value of 5G. It assists carriers around the world roll-out their 5G networks, meeting the demands of consumers and industries alike while increasing the efficiency of its own delivery.
It 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.