Huawei targets enterprise growth through the cloud

Huawei Technologies, China’s largest phone-equipment maker, forecast its enterprise business will accelerate growth, targeting US$10 billion in revenue by 2017 by winning contracts in cloud hosting and digital networks. Global revenue from the division, which rose 32 per cent last year to about US$2.5 billion, will top that rate of increase in 2014, William Xu, who heads the unit, said at the CeBIT fair in Germany.

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.