Huawei is on a roll.
The Chinese smartphone and network equipment company on Monday reported a 40 percent increase in revenue for the first half of the year, up from a revenue increase of 30 percent in the first half of 2015.
According to Huawei, revenue for the six months ended in June was 245.5 billion yuan ($36.67 billion), up from 175.9 billion yuan the year before.
Huawei did not disclose its net profit, but said its operating margin dipped from 18 percent in the same period last year to 12 percent in the first half of this year.
Huawei CFO Sabrina Meng said the company is “confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position.”
The news comes as Huawei works to position itself as the number one smartphone vendor in the world. Currently number three, behind Apple and Samsung, Huawei executives have said the company is looking to break into the top slot sometime in the next five to ten years.
Huawei last month heralded the early success of its new P9 and P9 Plus flagship handsets.
Though it didn’t give exact figures, Huawei said sales in the first six weeks follow the devices’ launch were 130 percent higher than sales for the P9’s predecessor, the P8.
In the first quarter, Huawei said global device shipments of 28.3 million units overall were up 64 percent year over year.