Cisco Sees Slight Slowdown

Cisco reported a 2% year-on-year revenue increase on a like-for-like basis in the quarter ending January 23rd to 11.8 billion dollars. That is slower than the 4% growth in the previous quarter. The network equipment provider said product revenue was up 2% and service revenue was up 3%.

Revenue in Cisco's Security product line increased 11%, and NGN Routing and Collaboration increased 5% and 3%, respectively. Wireless was flat, while Switching and Data Center declined 4% and 3%, respectively, Cisco added. Source: Cisco statement