uploads///

What Drove Cisco’s Application Business Revenue in Third Quarter?

By

May. 18 2018, Updated 9:31 a.m. ET

Application revenue rose 19% in the third quarter

Cisco Systems’ (CSCO) application business segment revenue rose 19% YoY (year-over-year) to $1.3 billion in the quarter ended in April. This business accounts for 10.5% of total revenue for Cisco and was Cisco’s fastest-growing business in the third quarter. Cisco Systems’ Applications business includes revenues from its collaboration vertical as well as analytics and IoT (Internet of Things).

Revenue from this business segment rose 3% YoY (year-over-year) to $4.6 billion in fiscal 2017. Revenue also rose 6% YoY to $1.3 billion in fiscal Q1 and 6% YoY to $1.2 billion in fiscal Q2.

Article continues below advertisement

Cisco acquired relationship intelligence company

In the quarter ended April 2018, Cisco introduced new innovations across its collaboration portfolio. The Cisco Spark and WebEx platforms were integrated with new WebEx Meetings and WebEx team applications.

Cisco also enhanced its AI and machine learning capabilities across the collaboration portfolio by acquiring a firm that provides a relationship intelligence platform and robust insights as well as intelligence to improve team meetings and experiences. This acquisition was completed last week.

Cisco leads the enterprise collaboration market as well with a share of 13%. Microsoft (MSFT) and IBM (IBM) are other major players in this space with shares of 12% and 4%, respectively.

Advertisement

More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market RealistLogo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.