Cisco’s traditional product sales such as switches are falling, but revenues in emerging products in areas such as security are on the up
Cisco’s traditional networking equipment sales slumped by 10% in the company’s second quarter of 2017, which contributed to an overall decline in sales of 2% compared to the same period a year ago.
Cisco sold $11.6bn worth of products and services in the quarter, compared with $11.8bn in the same period last year.
Sales of routing, switching and datacentre products, which make up Cisco’s traditional business, decreased by 10%, 5% and 4% respectively, while security product sales increased by 14%, collaboration by 4% and wireless product sales rose by 3%. Overall product sales were down by 4% to $17.7bn, and service sales increased by 5% to reach $6.

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