Huawei has put back its ambitious goal of achieving $10 billion in enterprise sales by end-2017.
Eric Xu, president of Huawei Technologies Co. Ltd. 's strategy marketing department, said the original deadline would not be met.
"I believe we are going to realise that target one year later," he told a press conference in Shanghai today, pointing out the target had originally been set by William Xu, one of Huawei's rotating CEOs.
Even to reach that number by 2018, however, will mean more than doubling revenues generated last year, when the company made 27.6 billion yuan ($4.1 billion) from enterprise -- 44% more than in 2014 and 7% of total revenues. (See Is There No Stopping Huawei?)
The disclosure came during the company's biggest-ever event, the Huawei Connect conference, attended by more than 20,000 enterprise and carrier customers from around the globe.
Huawei is looking to take advantage of the coming "industry cloud" wave of services and applications, predicting that all businesses will be using cloud technologies by 2025.
— Robert Clark, Contributing Editor, special to Light Reading