Cisco revenue in Q3 fiscal 2016 shows stable business

Networking major Cisco has posted revenue of $12 billion ($12.1 billion) and net income of $2.3 billion ($2.4 billion) in Q3 fiscal 2016.

Announcing the third quarter results for the period ended April 30, 2016, Cisco CEO Chuck Robbins said: “We’re making in transitioning our business to a more software and subscription focus, which we’ll continue to apply across our entire portfolio.”

Cisco’s Q3 revenue — excluding SP Video CPE business — increased 4 percent to $7,062 million in Americas, fell 2 percent to $3,001 million in EMEA, and grew 10 percent to $1,937 million in Asia Pacific Japan and China.

During the second quarter of fiscal 2016, Cisco sold its SP Video CPE Business. SP Video CPE Business revenue was $1,359 million for the nine months ended April 30, 2016.

Cisco achieved revenue growth of 17 percent to $482 million in Security.

Cisco revenue rose 10 percent to $1,069 million in Collaboration.

Cisco posted 18 percent growth to $468 million in SP Video.

Cisco’s wireless business rose 1 percent to $615 million.

Data center revenue of Cisco increased 1 percent to $811 million.

Switching revenue of Cisco fell 3 percent to $3,447 million.

NGN routing revenue of Cisco decreased 5 percent to $1,894 million.

Cisco acquisitions in Q3

Cisco acquired Jasper Technologies, a provider of cloud-based Internet of Things (IoT) service platform to help enterprises and service providers launch, manage and monetize IoT services on a global scale.

Acano provides on-premises and cloud-based video infrastructure and collaboration software.

Synata will enable Cisco to deliver search capabilities for collaboration cloud applications.

Leaba is a fabless semiconductor company whose semiconductor expertise is expected to help to accelerate Cisco’s next generation product portfolio and bring new capabilities to the market faster.

CliQr provides an application-defined cloud orchestration platform that is expected to help Cisco customers simplify and accelerate their private, public and hybrid cloud deployments.