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Cisco APAC posts 23 percent YOY growth

Cisco APAC posts 23 percent YOY growth

Cisco’s APAC division posted a profit of US$1.2 billion in Q4 and year on year growth of 23 percent.

These results were reflected locally says Cisco NZ country manager Geoff Lawrie.

The vendor does not break out results by country. Lawrie says digital media and video were big features on its landscape.

"The video component of unified communications and digital signage was very strong. We only had one quarter of Tandberg so they made a good contribution.”

However, Lawrie says revenue from traditional sources such as networks was flat.

“Wireless and security were really strong and data centre switching is an area that more companies are doing. General networking continued to be a really good business but in growth terms wasn’t quite as strong as the rest of our business.”

Lawrie says compared to last year it is seeing a recovery in the market and budgets are starting to loosen up.

The vendor's US sales and results rose 27 percent from a year earlier. US sales hit $10.8 billion for the quarter. For its full fiscal year, the company reported revenue of $40 billion, up 11 percent from the previous year.

The company acquired Norwegian business video vendor Tandberg in Q4.

In May last year Cisco Systems' revenue for its third fiscal quarter fell 17 percent from a year earlier, while net income plunged 21 percent to US$1.3 billion.


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