Cisco India’s managing director of Service Provider business Sanjay Rohatgi has stepped down.
His resignation is happening at a time when Cisco India is yet to improve its revenue growth in the country. On top of this, Cisco Systems recently stunned the global IT market by saying it would lower its revenue growth forecast.
Hindu Business Line reported that Sanjay was responsible for Cisco’s business with telecom service providers and cable operators across India & SAARC region.
Cisco, which is going through a tough time in India after reporting significant dip in revenues in the last two quarters, has seen exodus from the top management recently. Earlier, Cisco India president Naresh Wadhwa had resigned.
Recently, Cisco Systems cut its long-term revenue growth target to 3 percent to 6 percent per year from 5 percent to 7 percent. (Cisco cuts revenue growth target to 3 percent to 6 percent per year )
Under the new CEO, Cisco India’s performance was not in line with previous years. Latest two quarters are the best examples. India revenue declined 18 percent in the first quarter of fiscal 2014.
On top of this, Cisco India revenue growth has slowed down to 19 percent in the fourth quarter of fiscal 2013 to from 50 percent in the first quarter of FY 2013. ( Cisco India revenue growth slows down to 19% in Q4 from 50% in Q1 )
Sanjay, who does not want to talk about the specific reasons for his exit from the networking vendor, will be with Cisco till January. He has a couple of offers in hand.
Sanjay joined Cisco in 2004 from Nortel, where he was director Business Development for Optical Ethernet for the Asia Pacific region, based in Hong Kong. He has also worked for Telstra Corporation in Sydney, Australia and was responsible for the development of Telstra’s Internet Data Centre business and marketing of services within Australia.
