Chinese tech giant Huawei says its revenue rose 39 percent over a year earlier in the latest quarter despite U.S. pressure on allies to shun its telecom and network technology as a security risk.
Huawei, the biggest global maker of network equipment for phone and internet companies, on Monday reported revenue of 179.7 billion yuan ($26.8 billion) for the first three months of the year.
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The company denies U.S. accusations it facilitates Chinese spying.
Washington’s pressure on allies to avoid Huawei’s next-generation network technology threatens to block access to Europe and other markets as carriers prepare to invest billions of dollars in new equipment.
Huawei is privately held but reports financial results in an effort to defuse Western security concerns.
