Huawei is targeting a meteoric rise in revue for its fledgling enterprise business over the next few years.<\/p>\n
The enterprise division is the smallest of the Shenzhen-based group\u2019s three major business segments.<\/p>\n
The other two businesses are the consumer division, which includes smartphone manufacturing, and the network business, which accounts for close to 70% of sales.<\/p>\n
Enterprise Business Group president Yan Lida told journalists at the Huawei Cloud Congress 2015 in Shanghai, China, that the enterprise division aims to record revenue of $10 billion by 2019.<\/p>\n
Huawei reported a 48% rise in revenue to almost $1.8 billion for its enterprise unit in the first half, having achieved revenue of $3.14 billion in 2014, or 7% of a total $46.5 billion.<\/p>\n
Its Consumer Business Group represented 26% of total revenue last year.<\/p>\n
In 2014, Huawei achieved a sales growth rate of 32.4% for its enterprise business.<\/p>\n
The group signed an agreement with Deutsche Telekom to provide IT and private cloud services to enterprise customers, representing its first foray in this segment, outside of China.<\/p>\n