Cisco Claims Wireless Market Share Gains

Cisco reported a 5.5% year-on-year increase in revenue to 11.9 billion US dollars for the quarter ending October 27, 2012.  The increase was driven by a 30% rise in "service provider video" revenues, a 38% rise in wireless revenues and a 61% rise in data center revenues.

John Chambers, CEO of Cisco said: "Cisco is at the center of the major market transitions -- cloud, mobility, video -- and yet we believe the largest market transition lies ahead of us, as the Internet of Everything becomes a reality. Cisco has the unique ability to turn information that will flow across networks into new capabilities and richer experiences. The Internet of Everything will create unprecedented possibilities for businesses, individuals and countries, and Cisco is poised to lead and fully maximize the opportunities of this evolution." source: Cisco statement