Cisco India revenue growth has slowed down — to 19 percent in Q4 to from 50 percent in Q1 FY 2013 — in the world’s second largest telecom market.
Revenue of Cisco India rose 19 percent in the fourth quarter of fiscal 2013.
For comparison, Cisco posted 29 percent revenue growth in Q3, more than 50 percent growth in Q2 and 50 percent increase in Q1.
Jeff White took over as the India CEO in January 2013. Ever since White assumed charges of Cisco India, the networking major’s India revenue growth plummeted to 19 percent in fourth quarter from 50 percent in both second quarter and first quarter.
Cisco’s India revenue in the third quarter of fiscal 2013 increased 29 percent. In China, Cisco revenue rose 8 percent due to adverse business conditions.
In China, Cisco revenue rose 8 percent due to adverse business conditions in the third quarter. Cisco’s revenue in emerging countries rose 13 percent in Q3 against 6 percent in Q2. Growth in Russia was 16 percent, Brazil up 14 percent, and Mexico 4 percent. The Americas region grew 7 percent.
Cisco India reported more than 50 percent growth in its fiscal second quarter ended on January 26. The Asia Pacific, Japan and China region grew at 3 percent. Japan grew in the mid-single digits. Revenue from China declined approximately 4 percent.
The networking major reported 50 percent growth in Indian revenue in the first quarter of fiscal 2013.
The Asia-Pacific, Japan and China region grew 7 percent in Q1. Japan grew in the mid-single digits. Revenue growth in China was flat. Cisco’s Europe, Middle East, Africa and Russian region declined by approximately 10 percent year-over-year.
Cisco Q4 performance in select geographies
Cisco revenue in Americas region grew 5 percent.
Revenue from U.S. enterprise rose 9 percent and commercial up 12 percent. U.S. public sector growth of 4 percent was driven by state, local, and education strength in their buying season which was up 9 percent and federal business was – growth was up 3 percent. U.S. service provider was down slightly.
Cisco observed saw challenges in the Asia-Pacific, Japan, and China region down 30 percent due largely to macroeconomic challenges.
The networking major saw challenges in Japan due to reduced large SP CapEx and economic challenges. China is less than 5 percent of Cisco’s total revenue from an overall perspective.
Europe, Middle-East, Africa and Russian Region revenue rose 6 percent and Europe itself was up 6 percent.
Cisco’s emerging markets business was up 8 percent.
Revenue from Brazil and Russia approximately was flat and China down 6 percent.