Huawei lowers enterprise biz revenue target to $10 billion by 2017

Telecom Lead Asia: Huawei Technologies has lowered its enterprise biz revenue target to $10 billion by 2017.

The company on Tuesday said it expects its networking equipment sales targeted at enterprises to rise to $10 billion by 2017, lower than an earlier target.

“If we can achieve $10 billion sales by 2017, that will be good enough for me,” said Eric Xu, Huawei executive vice president and one of its rotating CEOs.

Huawei executives said last year that the company had set a target for enterprise sales of $15 billion by 2017, Reuters reported.

On April 8, Huawei said its sales revenues rose to 9.8 percent $35.57 billion (220.19 billion yuan) in 2012 against $32.39 billion in 2011.

The Chinese ICT solutions provider’s net profit grew 34.05 percent to $2.48 billion (15.38 billion yuan) last year from $1.85 billion in 2011.

Huawei’s Carrier Network BG grew 6.7 percent to achieve 160.1 billion yuan in sales revenue.

Huawei’s Enterprise BG increased 25.8 percent to 11.5 billion yuan ($1.9 billion) in sales revenue.

Huawei’s consumer BG’s (including handset) sales revenue reached 48.4 billion yuan, an increase of 8.4 percent year-on-year.

Xu also said that the company expects its IT business to generate between $800 million and $1 billion in revenue this year.

Meanwhile, Huawei will strengthen its research in such areas as video, audio, touch control, image processing, and emotional experience algorithms, promote user centric design (UCD), and provide users with a collaborative and consistent experience across screens.

[email protected]