Networking giant Cisco said its revenues in India have grown 18 percent 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 percent to USD 2.3 billion in the said quarter from the year-ago period, while revenue (excluding SP Video CPE business) grew 3 percent y-o-y to USD 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 percent 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 percent with the BRICs plus Mexico showing strength at up 4 percent with China up 22 percent and India up 18 percent," 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 percent) to January-March 2016 quarter.
The company said it is seeing significant traction for its solutions in the enterprise space, especially UCS, networking and collaboration and security solutions.
Cisco, in collaboration with Qualcomm, General Electrical and 3M India, has launched an Innovation Centre in Jaipur.
The centre will be housed and operated by Genpact and will help accelerate co-innovation of Internet of Everything (IoE) based solutions.
It will be hosted by Jaipur Development Authority and also team-up with startups, developers, government agencies, and academic communities.
"Jaipur, as a Lighthouse City, will showcase to the world what's possible when visionary city leaders and urban planners design and build 21st century cities connected by a digital infrastructure," Cisco President India and SAARC Dinesh Malkani said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
