Cisco revenue up 4% to $12.7 bn, net income up 33% in Q1

Cisco CEO Chuck Robbins blog
Enterprise networking vendor Cisco today announced 4 percent increase in revenue to $12.7 billion in the first quarter of fiscal 2016.

Net income of Cisco, under the new CEO Chuck Robbins, rose 32.9 percent to $3 billion in its first quarter ended October 24, 2015.

Cisco said its revenue in emerging market rose 11 percent largely driven by the strength of IT markets in India and Mexico.

Cisco had a very strong quarter in China and India from an orders perspective, growing over 40 percent each. One of the focus areas in India was the country’s digitization efforts.

“We are accelerating our ability to deliver on growth opportunities, aggressively driving our cloud business, and delivering continued strength in our deferred product revenue, as we sell more of our portfolio in software and cloud models,” said Chuck Robbins, Cisco chief executive officer.

The increased in product revenue was 4 percent, while service revenue increased 1 percent.

Cisco posted revenue of $7,799 million (+4 percent) from Americas, $3,087 million (+3 percent) from EMEA and $1,786 million (+3 percent) from Asia Pacific Japan China region. Cisco does not share its India revenue.

Cisco generated $4,022 million (+5 percent) from data center business, $1,793 million (–8 percent) from NGN routing, $1,115 million from collaboration (+17 percent), $859 million (+24 percent) from data center, $850 million (–2 percent) from service provider video, $645 million (+7 percent) from wireless and $485 million (+7 percent) from security business.

Baburajan K
[email protected]

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