Reuters: Technology News: Huawei sees enterprise sales rising to $10 billion by 2017

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Huawei sees enterprise sales rising to $10 billion by 2017 Apr 23rd 2013, 04:24 Tweet Share this Email Print Analysis & Opinion There's cash in that trash Target shortage feeds desperate Mideast telco M&A A man looks at a Huawei mobile phone as he shops at an electronic market in Shanghai January 22, 2013. Credit: Reuters/Carlos Barria HONG KONG | Tue Apr 23, 2013 12:24am EDT HONG KONG (Reuters) - Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, 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," Eric Xu, Huawei executive vice president and one of its rotating CEOs, told an analyst conference in Shenzhen, China, where it is headquartered. Huawei executives said last year that the company had set a target for enterprise sales of $15 billion by 2017. Huawei generates revenue mainly from three business groups. Its flagship carrier business sells equipment to telecom operators, while its consumer group sells handsets and tablets to end-users. Its enterprise unit sells network gear to companies and corporations. Last year, the enterprise unit garnered sales of 11.5 billion yuan ($1.9 billion). Xu also said on Tuesday that the company expects its IT business to generate between $800 million and $1 billion in revenue this year. (Reporting by Yimou Lee and Lee Chyen Yee; Editing by Edmund Klamann) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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