Huawei Technologies made revenue worth $25.7 billion in the first quarter of 2020, an increase of 1.4% on a year-on-year basis.
The company on Tuesday revealed its Q1 financial data where it also said its net profit margin in the quarter was 7.3%, said a press statement.
As Covid-19 continues spreading around the world, Huawei is taking proactive measures to ensure the safety of its employees. The company and its supplier network are working together to address the tough challenges derived by the virus.
The company's business is going on as usual and its overall business results in Q1 were in line with its expectations, the press statement said.
"Network is a lifeline for people from all walks of life during this public health crisis and ensuring normal network operations is most important now. Huawei is doing everything in its capabilities to help carriers ensure stable and secure network operations."
"We are working to meet the network demand created by social distancing as people are switching to telecommunication, distance education, and e-commerce for daily necessities," the statement read.
Since the Covid-19 outbreak, Huawei and its partners have rapidly launched many 5G- and AI-powered medical applications.
"We are using our expertise in communication technologies to help fight the pandemic and save more lives."
The statement said the AI-assisted coronavirus diagnosis solution slashed CT scan review times from 12 minutes to 2, helping doctors improve their diagnostic efficiency. 5G-enabled remote video consultation helps mitigate shortages of frontline experts and increases the efficiency of diagnosis and treatment of critical patients.
The AI-powered thermal imaging devices can take temperatures, increasing the efficiency of infection prevention and control in public places.
In the Asia Pacific region and ASEAN countries, Huawei joined with national authorities in Indonesia, Malaysia, Thailand, Philippines, Singapore, Brunei, Bangladesh, Cambodia, Laos, and others to address on-ground communication challenges, ensuring connectivity and supporting essential services with innovative technologies during the pandemic.