Several Forrester analysts attended Huawei’s 12th global analyst summit in Shenzhen recently. This comment focuses in particular on the perspective of European CIOs who in our view should take note of Huawei, because of Huawei’s growing strength in the European enterprise segment. For a global Forrester perspective on the event, please refer to an upcoming separate report that we publish. For European CIOs the main takeaways of the analyst summit are that Huawei:
- Strengthens its financial performance. Its Enterprise divisions, which Huawei announced only in 2011, impresses with strong growth rates. Huawei grew its Enterprise activities by 27 percent to $3.1 billion in 2014, two-thirds of which came from outside China with Europe accounting for the largest part of that. Huawei’s goal for its Enterprise business is to grow it to $10 billion by 2019. Outside China, which still represents 38 percent of Huawei’s revenues, EMEA continues to play a critical role for Huawei as its accounts for 35 percent of revenues. In EMEA Huawei reported revenue growth of 20 percent.