Chinese technology firm Huawei released its quarterly financials for the first time ever, stating its first quarter revenue rose 39 percent to 179.7 billion yuan ($26.81 billion).
Huawei is based in Shenzen, China, and is the world’s biggest telecoms equipment maker, and one of the biggest smartphone makers.
Huawei said its net profit margin was around 8 percent for the quarter, which it added was slightly higher than the same period last year. Huawei did not disclose its actual net profit.