Revenues rose 6% YoY
Cisco’s (CSCO) routing business saw revenues rise 6% YoY (year-over-year) in fiscal 1Q17. Revenues in this segment rose from $2 billion in fiscal 1Q16 to $2.1 billion in fiscal 1Q17. This 6% increase was driven by strength in “Service Provider Core and Edge.” Over 50% of Cisco’s routing business comes from service providers.
Earlier this year, Cisco stated that it is well positioned to drive the transition to software-defined wide area networking with its IWAN portfolio (Intelligent WAN), which gives the firm an opportunity in the routing space. Cisco further stated that it’s seeing continued strength with its web scale customers where its core development continued.
Cisco leads the routing business with a share of 44.8%
According to IDC (International Data Corporation), Cisco Systems’ (CSCO) revenues fell 2.6% YoY (year-over-year) in its Service Provider and Enterprise Router segment in 2Q16. Its market share in 1Q16 was 48.8%, which fell to 44.8% in 2Q16.
By comparison, Juniper Networks’ (JNPR) combined Service Provider and Enterprise Router revenues fell 1.5% YoY in 2Q16. The company now has a 15.7% share in this space as compared to 14.5% in 1Q16. China-based (FXI) Huawei’s Enterprise and Service Provider revenues continued to climb in 2Q16 with revenues rising 15.3% YoY. Huawei now accounts for 18.9% of the global router market though the worldwide enterprise and service provider market fell 2% YoY to ~$3.7 billion at the end of 2Q16.
In fiscal 1Q17, Cisco (CSCO) returned $2.3 billion to shareholders. The $2.3 billion included $1 billion in share repurchases and $1.3 billion in dividends.
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