Cisco revenue jumps 14% to $14.6 billion during its third quarter

Cisco has reported 14 percent increase in revenue to $14.6 billion during its third quarter ended April 29, 2023.
Cisco booth at MWC 2018Cisco, the leading supplier of networking solutions to enterprises, has posted revenue of $8.634 billion (+13 percent) from Americas, $3.806 billion (+16 percent) from EMEA and $2.131 billion (+11 percent) from Asia Pacific including Japan, China and India during its third quarter.

Cisco has generated revenue of $7.550 billion (+29 percent) from Secure, Agile Networks, $1.392 billion (+5 percent) from Internet for the Future, $985 million (–13 percent) from Collaboration, $958 million (+2 percent) from End-to-End Security and $204 million (+12 percent) from Optimized Application Experiences.

“We once again delivered a strong quarter in a dynamic environment,” said Chuck Robbins, chair and CEO of Cisco. “In Q3, we delivered record revenue and double-digit growth in both software and subscription revenue. As key technologies like cloud, AI and security continue to scale, Cisco’s long-established leadership in networking, and the breadth of our portfolio position us well for the future.”

Cisco expects to achieve revenue growth of 14 percent – 16 percent in its Q4 and 10 percent – 10.5 percent in fiscal 2023.

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