Re: Cisco and Asian Sales Figures
Thread,
Being a networking fan, I thought this news release out of Cisco was pertinent to this thread. Now this is what I would consider a piece of good news without spin. If you do the math, Cisco sold $846 million in Asia in fiscal 1998. For fiscal 1999 it is projected to be $1.7 billion. Not exactly small potatoes but I do notice they avoid the topic of who financed those sales.
MikeM(From Florida)
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Cisco Sees 50 Percent Revenue Growth in Asia
SINGAPORE, March 19 - U.S. networking company Cisco Systems Inc expects 50 percent revenue growth from its Asian operations year-on-year, Bill Nuti, president of Cisco's greater Asia operations said on Friday.
''Cisco Systems in Asia is growing 50 percent year over year, which is astounding given the economic crisis,'' Nuti told a news conference. Cisco's financial year ends in July, 1999. In the fiscal year ended July 25, 1998, Cisco reported revenues of US$8.46 billion, up 31 percent versus the previous year...Nuti said that Asia, including Japan, comprised about 10 percent of the group's revenue. |
