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Cisco delivers “strong” Q2

Cisco has reported second quarter results for the period ended January 23rd 2016.

Revenue was $11.8 billion, up 2 per cent with product revenue also up 2 per cent. Service revenue growth was 3 per cent. Revenue by geographic segment was: Americas and EMEA each up 1 per cent, and APJC up 11 per cent. Product revenue growth was led by Security which increased 11 per cent, and NGN Routing and Collaboration which increased 5 per cent and 3 per cent, respectively. Wireless was flat while Switching and Data Center declined 4 per cent and 3 per cent, respectively.

“We delivered a strong Q2, and are managing the business extremely well in a challenging macro environment,” said Chuck Robbins, Cisco chief executive officer. “We’re managing the company on two fronts. We’re focused on continued strong execution in the near term while investing in the innovation to lead our customers into the future.”

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