Huawei aims for $10B enterprise revenue via cloud
Grazed from ZDNet. Author: Eileen Yu.
Huawei Technologies is looking to clock US$10 billion revenue from its enterprise business and has high hopes cloud will help lead the way. The Chinese networking equipment vendor said its enterprise unit was targeting to hit US$10 billion by 2017 by securing contracts in cloud hosting and networks, reported Bloomberg.
This business division chalked up US$2.5 billion in revenue last year, climbing 32 percent, and would register a higher growth rate in 2014, said William Xu, who leads the business unit, at this week’s CeBIT show in Hanover, Germany. Shenzhen-based Huawei faces stiff competition from U.S. networking giant and current market leader, Cisco Systems, but the Chinese vendor is seeing bigger growth in the U.S. market…


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