Cisco “delivers strong Q3”
May 19, 2016
Cisco has reported third quarter revenue of $12 billion (€10.7bn), up 3 per cent with product revenue up 1 per cent and service revenue up 11 per cent.
Revenue by geographic segment was: Americas up 4 per cent, EMEA down 2 per cent, and APJC up 10 per cent. Product revenue growth was led by Security, Collaboration and SP Video which increased by 17 per cent, 10 per cent and 18 per cent, respectively. Wireless and Data Center each increased by 1 per cent, while Switching and NGN Routing decreased by 3 per cent and 5 per cent, respectively.
“We delivered a strong Q3, executing well despite the challenging environment,” said Chuck Robbins, Cisco chief executive officer. “I’m pleased with our performance today as well as the progress we’re making in transitioning our business to a more software and subscription focus, which we’ll continue to apply across our entire portfolio.”