Cisco said it ended fiscal 2021 with revenue of $13.1 billion (+8 percent) in Q4 and $49.8 billion (+1 percent) in fiscal year – despite making several acquisitions.
Cisco said it has achieved double digit order growth across all customer markets and geographies, including product order growth of 31 percent – strongest growth in over a decade.
Cisco’s revenue by geographic segment was: Americas up 8 percent, EMEA up 6 percent, and APJC up 13 percent. Product revenue was led by growth in Infrastructure Platforms, up 13 percent and Security, up 1 percent. Applications were down 1 percent.
Cisco achieved $4 billion in software revenue in Q4 (+6 percent) with 9 percent increase in subscription revenue and $15 billion for the year (+7 percent) with 15 percent increase in subscription revenue.
Cisco is expecting an increase in revenue of 7.5-9.5 percent in current quarter and 5-7 percent in fiscal 2022.
Cisco closed following acquisitions in the fourth quarter of fiscal 2021:
Slido s.r.o., a provider of audience interaction platform.
Sedonasys Systems, which offers products that enable multi-vendor, multi-domain automation, and software-defined networking.
Kenna Security, a cybersecurity company that provides risk-based vulnerability management technology which enables organizations to work cross-functionally to rapidly identify, prioritize and remediate cyber risks.
Involvio, which offers education-focused products that help colleges and universities improve student experience, engagement, and retention.
Socio Labs, which offers a modern event technology platform designed to power the hybrid events of the future.
Chuck Robbins, Chair and CEO of Cisco, said: “The demand for Cisco technology is strong with our Q4 performance marking the highest product order growth in over a decade. With the power of our portfolio, we are well positioned to help our customers accelerate their digital transformation and thrive in a hybrid world.”