Huawei hopes to expand enterprise sales to $10B annually by 2017

Huawei is aiming to crack into the market for technology sales to large businesses as a way to diversify its revenue streams and make use of what it has learned in the telecoms market. The Chinese vendor has shown some significant progress in sales to enterprises: Huawei said it passed $2.5 billion in enterprise revenue last year and is on track to post $3.5 billion this year. The company said it has had a compound annual growth rate of 40 percent in each of the years since it launched its enterprise business in 2011, and based on that growth the company expects to expand its enterprise business to $10 billion annually by 2017. Company executives discussed Huawei's progress in the enterprise sector during a company convention in Shanghai. Article