Fresh off last week's news that it's now the biggest supplier of technology and services to the communications service provider market, Huawei fired another shot across the bows of its rivals by predicting its Carrier and Enterprise divisions would generate revenues of up to $80 billion by 2020.
The bold prediction -- $80 billion would double last year's total for the two groups -- came during Monday's Huawei Global Analyst Summit in Shenzhen, China. Eric Xu, who is one of Huawei's rotating CEOs, told the assembled media and analysts at the summit about the $80 billion projection, and predicted further dramatic growth for his company over the coming years. (See Huawei's Carrier/Enterprise Sales Could Hit $80B by 2020.)
According to the Light Reading story by Robert Clark, contributing editor, and Ray Le Maistre, Editor-in-Chief, Huawei Technologies Co. Ltd. is banking on serving the cloud infrastructure needs of communications service providers to increase its bottom line, as well as network investments by new webscale/OTT service providers.
Xu said that while the past ten years have been about IP, the next ten would be about "cloudifcation" by the telecom industry. Xu outlined Huawei's "all cloud" strategy for digital transformations during the Huawei Global Analyst Summit.
Based on sales, Light Reading reported last week that Huawei had knocked Ericsson AB (Nasdaq: ERIC) from the top spot as the largest supplier of technology and related services to the CSP sector. (See Huawei: New King of the CSP Market.)
— Mike Robuck, Editor, Telco Transformation