Telecom Lead America: Networking major Cisco has reported
flat revenue growth in India in fourth quarter of fiscal 2012.
Cisco said the company continues to see India challenged
largely self-inflicted by its own internal issues, but getting back to flat
growth after multiple quarters of double-digit negative growth was encouraging.
Cisco recently promoted the APCJC region from sales operations to head up its
global services business reporting to Gary Moore.
In Q4, China business grew 17 percent.
Cisco’s revenue from Japan increased 12 percent in fourth
quarter, while Australia chipped in over 13 percent growth in revenue.
Emerging countries represent about 20 percent of Cisco
business.
Its emerging markets in EMEA grew 12 percent with Russia
up 12 percent. Emerging markets represent about 23 percent of EMEA to total
business.
Meanwhile, Cisco reported 4 percent y-o-y increase in
sales at $11.7 billion in fourth quarter of fiscal 2012.
Cisco’s fourth quarter net profit increased 56 percent to
$1.9 billion.
For the full year, Cisco’s sales grew 7 percent to $46.1
billion.
Net profit for the full year increased 24 percent to $8
billion.
Total revenue from a geographic perspective grew 7
percent for Americas, 9 percent for APJC and decreased 5 percent for EMEA. The
decrease in EMEA was driven by a decrease in product revenue consistent with
the macroeconomic related weakness that we’ve seen in product orders over the
past two quarters driven largely by weakness in Southern and Central Europe.
Cisco Chairman and CEO John Chambers said that its
strategy delivering intelligent networks and technology architectures, built on
integrated products, services and software platforms, to fuel customers’
businesses is proving the right long-term strategy for its success.
Cisco has also increased its global manpower to 66,639 at
the end of Q4, up by approximately 14,100 quarter-over-quarter.
Cisco said the additions are strategic including
approximately 500 new university graduates, who were hired in Q4 mostly in
engineering to approximately 300 additional hires in R&D and growth areas
such as data center and approximately 330 in services to fulfill customer
contracts.
From a geographic perspective, over half of the headcount
added this past quarter were in emerging markets and other growth markets.
