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

Suggested Articles

AT&T said its 5G service, for both consumers and businesses, is now live in 10 markets.

The FCC today voted unanimously to advance a proposal to reallocate the 5.9 GHz band to both unlicensed and C-V2X technologies.

Raymond James lowered its odds of the T-Mobile/Sprint deal getting approved from 85% to 55%.