This year, Huawei has been ranked 49th in the list of Fortune Global 500 companies. The company, one of the top companies in the telecommunications sector, has entered the top 50 of the list for the first time. The organization has maintained its trend of progress in the past years as well.
"Despite geopolitical adversities, Huawei's net profit rose 5.6 percent last year and its revenue rose 13.1 percent year-on-year in the first half of this year," the Fortune report said.
According to a press release issued by the media, Fortune publishes this ranking of 500 companies every year depending on the revenue and profit of different companies. It also takes into account the comparative size of the institutions. The Fortune 500 rankings are considered an important indicator for reputable companies in terms of their position, size and capabilities in the international competitive market. In addition, the ranking is working as a measure of the global economy, coming out of nationality, borders and cultural divisions.
Earlier, Boston Consulting Group (BCG) released a list of the top 50 innovative companies this year. Huawei moved up 42 places to number six on the list. This is the highest success for Huawei, which was first included in the list in 2012.
Huawei has stepped up its innovative efforts to combat the Covid-19 global epidemic, and as part of this, the company has launched the Anti-Covid-19 Partner Program, which includes AI, Remote Office, Smart Healthcare and online education.
Highlighting its business results for the first half of this year last month, Huawei said the unfavorable external environment has made open cooperation and trust in the global value chain more important than ever. Huawei is committed to meeting the needs of customers and suppliers. At the same time, Huawei is committed to contributing to the global digital economy and technological advancement by surviving adverse conditions.
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