Huawei aims for $10B enterprise revenue via cloud
March 12, 2014
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…
Its COO for enterprise in the U.S., Jane Li, said in a January report Huawei wasn’t looking to on a price-cutting strategy but on providing the technology businesses today want to operate in a cloud environment. "The best competition is [about] who can win the cloud computing race," Li said. "There’s huge growth in cloud computing and big data, [but] traditional IT equipment are designed for on-premise data centers. So we need to have a large R&D (research and development) platform to reinvent those equipment to adapt to the cloud infrastructure."…
Read more from the source @ http://www.zdnet.com/huawei-aims-for-10b-enterprise-revenue-via-cloud-7000027234/
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