Huawei reported that the company generated $19.2 billion in revenue in Q1 2023, with a year-on-year increase of 0.8% and a net profit margin of 2.3%.* Huawei had posted revenue of $18.95 in Q1 2022.
Nokia has reported that net sales increased by 10% in Q1 2023, benefiting slightly from foreign exchange rate fluctuations along with the following drivers.
Researchers from Nokia and Ericsson cited essential spectrum availability between 7 GHz and 15 GHz for developing 6G and meeting its potential.
Ericsson has reported its first-quarter 2023 earnings results. In summary, net income fell 46% to SEK 1.6 billion in the January-to-March period, while net sales rose 14% but were flat when taking currency exchanges and other parameters into account.
NEC Corporation has laid out its policy on the use of generative AI technologies such as ChatGPT in their business activities.
Nokia has launched four third-party applications for MX Industrial Edge (MXIE), which help enterprises connect, collect and analyze data from operational technology (OT) assets on a robust and secure on-premises edge.
Huawei has replaced the legacy Enterprise Resource Planning (ERP) system with its MetaERP system, over which it will have full control. ERP is the most critical enterprise management IT system, allowing efficient collection, storage, interpretation and management of information.
Bouygues Telecom and SFR are seeking financial compensation from the government for having to remove and replace Huawei's radio equipment, according to a local news source.
Huawei’s 20th annual Global Analyst Summit (HAS) under the theme “Thrive With Digital, Striding Towards the Intelligent World” saw attendance by over 1,000 industry analysts, financial analysts, key opinion leaders and media representatives from around the world.
Nokia has been selected by Zain Jordan in a multi-year deal to supply 5G Radio Access Network (RAN) equipment throughout Jordan. Through the deal, Zain will be able to support the digital transformation of the country by offering superior 5G services with enhanced connectivity and capacity to customers. A major part of the deployment is expected to be completed in 2023.
