Enterprise networking vendor Cisco on Wednesday said its India revenue rose 18 percent in the fourth quarter of fiscal 2014.
The impressive performance in India is despite Cisco posting 0.5 percent dip in global revenues to $12.4 billion and 1 percent drop in net income to $2.2 billion in Q4 FY 2014.
In FY 2014, Cisco revenue fell 3 percent to $47.1 billion, while income decreased 21.3 percent to $7.9 billion.
In the Asia Pacific region, revenue from Japan and China dipped 7 percent, while China revenue fell 23 percent. The remaining emerging countries in Asia declined 34 percent.
Cisco, which will be cutting around 6,000 jobs during the current quarter, said emerging countries within the three geographies declined 9 percent in the fourth quarter.
Its business in Americas grew 2 percent, U.S. rose 5 percent, with U.S. commercial and U.S. enterprise continuing the strong growth up 17 percent and 16 percent respectively.
Cisco said Latin America declined 6 percent with ongoing pressures in some of the largest emerging countries and including a decline of 13 percent in Brazil. EMEA grew 2 percent. In EMEA, enterprise business grew 8 percent and commercial grew 7 percent. UK revenue grew 6 percent and within the UK commercial was up 18 percent and enterprise was up 19 percent. Germany grew 16 percent with commercial up 13 percent and enterprise up 17 percent.
Cisco SP business
Cisco CEO John Chambers said it is continuing to face challenges in several IP and the service provider market which declined 11 percent.
Within the service provider market the largest impact came from SP Video with orders down 13 percent and the ongoing decline in emerging markets where service provider is the higher mix of the business.
“Our service provider customers are dealing with transitions in their business and have been consolidating with the transaction volumes of these consolidations over the last 12 months about as much as we have seen in the past four years combined,” Chambers said.
Routing declined 7 percent though Cisco posted double-digit growth in the ASR 9000 because of strong penetration among the Web 2.0 customers offset by softness in MOB and optical and mobile business, said Cisco.
Switching declined 4 percent. Catalyst 3850 posted over 80 percent growth in the latest quarter. In the datacenter, Nexus 9000 and application-centric infrastructure customers tripled to over 580 customers, against 180 in the previous quarter.
