Cisco records solid growth in Brazil, Mexico in fiscal Q1

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Thursday, November 10, 2011

Cisco's (Nasdaq: CSCO) sales orders in Mexico and Brazil grew a respective 29% and 28% year-on-year in fiscal 1Q12, ended October 29, company chairman and CEO John Chambers told a conference call with investors.

Chambers said that Americas accounted for 58% of Cisco's overall business in the quarter, with orders from the region growing 12% year-on-year.

Meanwhile, company CFO Frank Calderoni said region grew 4% in revenues year-on-year in fiscal Q1.

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Cisco is organized in three major geographical regions - the Americas; Europe, the Middle East and Africa; and the Pacific, which includes Asia-Pacific, Japan and China.

Commenting on guidance for next fiscal quarter, Chambers said Cisco expects revenue growth in the range of 7-8% on a year-over-year basis.