While competitors Nokia and Ericsson both reported flat to down sales, Chinese network infrastructure vendor Huawei reported revenues of CNY 325.7 billion ($47.8 billion) for the first half of the year, an increase of 15% over the same period last year.
The company’s operating margin for the first half of 2018 was 14%, up from 11% in the year-ago period.
“Huawei continues to boost the efficiency and quality of its operations, which has helped contribute to its solid performance.