Home United States USA — software Cisco sales fall as traditional product sales slump

Cisco sales fall as traditional product sales slump

699
0
SHARE

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.

Continue reading...