Cisco India reports 50% growth in revenue in first quarter of fiscal 2013

Telecom Lead India: Cisco India has reported 50 percent growth in revenue in the first quarter of fiscal 2013.

The Asia-Pacific, Japan and China region grew 7 percent.

Japan grew in the mid-single digits.

Revenue growth in China was flat.

“China is very important to Cisco and we want Cisco to be very important to China’s transformation. We have invested a lot of resources in innovation in China for the last 20 years and our commitment to China has not changed in any way,” said Cisco CEO John Chambers.

Cisco’s Europe, Middle East, Africa and Russian region declined by approximately 10 percent year-over-year.

Enterprise group grew 9 percent year-over-year in the U.S.

Service Provider business in the US increased 13 percent.

Total service revenue was $2.6 billion, up approximately 12 percent.

Cisco acquired NDS, vCider and ThinkSmart.

The company will be active with acquisitions to drive growth and value proposition with its customers. Cisco continues to prefer small-to-medium size deals that are a fit from a technology, strategy, culture and an ROIC perspective.

Wireless revenue increased 38 percent. Cisco experienced strong growth throughout its portfolio led by the 3600 series, outdoor access points and high-end controllers. Wireless business in APJC grew 45 percent.

SP Wi-Fi grew almost a 100 percent year-over-year.

Security grew 6 percent driven primarily by high-end and mid-range router firewall platforms, growth in web security and strong adoption of our identity services engine.

Revenue for NGN routing declined 2 percent, driven primarily by weakness in EMEA, especially the service provider sector there and declines in optical networking due to product migration to faster speeds.

SP mobility increased 86 percent year-over-year, as SP addresses the capacity requirements associated with incremental global smartphones and tablet demand.

Data center grew 61 percent.

Service provider video revenue was up 30 percent, of which NDS contributed approximately 20 percent.

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