Huawei is reporting healthy sales growth, despite U.S. bans against the Chinese-based tech giant, according to a company statement released on Wednesday. Huawei saw revenue increase 24.4 percent for the last three quarters of the fiscal year, a financial success that is sure to frustrate the U.S. government.
The U.S. Commerce Department added Huawei to the so-called “Entity List” back in May, prohibiting U.S. companies from selling technology to Huawei. There was widespread speculation that the move would hamper Huawei’s ability to grow, but that doesn’t appear to be the case. At least not yet.
