Huawei expects its revenue for 2017 to show a 15% year-over-year increase, its slowest rate of growth since 2013, according to a New Year’s message to staff posted by Huawei rotating CEO Ken Hu. Hu cited fluctuations in telco investment cycles but said the overall business remains strong.
Huawei’s final revenue figure for 2017 should be in the range of 600 billion yuan (US$91 billion).
In the enterprise sector, Huawei is focused on opportunities in cloud, campus networks, data centers, and IoT. Hu said 197 companies in the Fortune Global 500 have selected Huawei as their digital transformation partner.
On the consumer side, Huawei sold a record 153 million smartphones during 2017, representing 10% global market share.
The past year also saw the formation of a Cloud Business Unit, whose portfolio has already grown to include 97 different services across 14 major categories.
A final note – in 2018, Huawei will celebrate the 30th anniversary of its founding. Hu said the vision remains to “bring digital to every person, home and organization for a fully connected, intelligent world.”
Huawei Forecasts 2017 Sales will Continue to Rise Dramatically
Huawei expects its 2017 sales revenue to reach 520 billion yuan (US$74.8 billion), up 32% year-on-year. In a New Year’s message, Huawei Rotating CEO Eric Xu said the company made significant progress in 2016 in improving its efficiency and quality. “Fear not the drifting clouds that block your eyes: beneath shifting sands bright gold still lies. The year 2016 has seen a flock of black swans – both political and economic – sweep across the globe….
