Huawei Says Enterprise Growth to Accelerate on Cloud Focus (Bloomberg)

Bloomberg: http://www.bloomberg.com/news/2014-03-10/huawei-s-xu-says-enterprise-growth-to-accelerate-on-cloud-focus.html

By Cornelius Rahn ∣ Mar 11, 2014 4:49 PM GMT+0800

Huawei Technologies Co., China’s largest phone-equipment maker, forecast its enterprise business will accelerate growth, targeting $10 billion in revenue by 2017 by winning contracts in cloud hosting and digital networks.

Global revenue from the division, which rose 32 percent last year to about $2.5 billion, will top that rate of increase in 2014, William Xu, who heads the unit, said yesterday in an interview at the CeBIT fair in Hanover, Germany.

Huawei is seeking to challenge market leader Cisco Systems (CSCO) Inc. by introducing software-programmed switches it says would reduce operating cost and allow faster and cheaper upgrades. The Chinese company is putting more resources into developing smartphones and offering services to businesses as its growth in network equipment is curbed by a ban in the U.S.