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Technology@lemmygrad.mlEnglish · 3 months ago

Chinese telecoms gear giant Huawei said Monday its net profit fell 28 per cent in 2024 while its revenue surged, as the company invested heavily in advanced tech

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Chinese telecoms gear giant Huawei said Monday its net profit fell 28 per cent in 2024 while its revenue surged, as the company invested heavily in advanced tech

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to

Technology@lemmygrad.mlEnglish · 3 months ago

3

China's telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024

Chinese telecoms gear giant Huawei said Monday its net profit fell 28 per cent in 2024 while its revenue surged, as the company invested heavily in advanced technologies.

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cfgaussian@lemmygrad.ml
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20·
3 months ago
Honestly, good news. Profits are wasted labor if they are not re-invested in development.
- ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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  18·
  3 months ago
  Exactly, this is what happens when your company is employee owned instead of shareholders squeezing out quarterly profits.
poo_22@lemmygrad.ml
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3 months ago
Perfect.