NEW DELHI: Networking giant Cisco has said that its revenues in India have grown 18% in the January-March quarter, driven by significant traction in collaboration and security solutions. Globally, the US-based firm saw its net income dipping 4% to $2.3 billion in the said quarter from the year-ago period, while revenue (excluding SP Video CPE business) grew 3% y-o-y to $12 billion. It follows July-June as its financial calendar.
Cisco also announced Jaipur as its first ‘Lighthouse City’ in South Asia. Cisco assigns the ‘Lighthouse City’ status credential to a select list of cities across the world. With this development, Jaipur will gain access to Cisco’s global network and channel programme capabilities.
“The Lighthouse City engagement will be enabled through a joint working group, which will focus on deploying next generation technologies to impact citizens and society,” Cisco said. Other Lighthouse cities globally include Hamburg (Germany), Barcelona (Spain) and Adelaide (Australia).
Cisco is collaborating with the city of Jaipur on a number of key initiatives, including smart city projects. On outlook, the company said it expects revenues to grow 0-3% y-o-y for the fourth quarter. In November last year, it had completed its divestiture of the SP Video CPE business.
“We delivered a strong Q3, executing well despite the challenging environment…Total emerging markets grew 4% with the BRICs plus Mexico showing strength at up 4% with China up 22% and India up 18%,” Cisco CEO Chuck Robbins said on an investor call. He added that Brazil and Russia continue to be challenging. Cisco India has seen eight straight quarters of growth starting from the fourth quarter of 2013-14 (18%) to January-March 2016 quarter.
