Cisco India revenue grows 19 percent in Q4

Cisco has declared its fourth quarter results and its India revenue has grown by 19 percent vis-a-vis same quarter in the last fiscal.

Cisco India was the highest growth region for Cisco thanks to cable TV digitization, Wi-Fi routers and service provider deals. The India division has done well in the last three quarters achieving a growth of 50 percent, 50 percent and 29 percent respectively.

In terms of other geographies, America grew by 9 percent thanks to enterprise and commercial segment performing well for the company. Japan was down due to capex reduction by large service providers and economic challenges. China was down by 6 percent and presently contributes less than 5 percent of its revenue.

There was improvement in Europe, Middle-East, Africa and Russian Region which was up 6 percent and Europe alone was up by 6 percent. Brazil and Russia was flat whereas Mexico achieved double digit growth.

Q4 was a record quarter on many fronts as the company achieved record revenues of $12.4 billion. The company also generated $4 billion in operating cash flow in the quarter of which $2.1 billion where returned to  shareholders in buyback and dividend.

Switching revenue was up 5 percent whereas NGN routing was flat. In mobility, the company expanded its customer penetration with ASR 5500 series with several key wins. The SP video revenues grew 23 percent and it was mainly driven largely by Cisco’s NDS acquisition. In collaboration and security, revenue was flat year-over-year. Network security is flat and content security was slightly down. The services revenues grew 6 percent representing 22 percent of its total revenue.

In Q1, FY 2014, the company is expecting a revenue growth of 3-5 percent on a year-over-year basis.

The company is planning to reduce its workforce by 4,000 employees or 5 percent of its global workforce in order to execute on the portfolio investment and operational efficiency opportunities.

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