Chambers praises growth in region

Cisco CEO John Chambers has identified "very strong order growth" in the MEA region as a highlight in the network's giant's fiscal third quarter results.

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By  Administrator Published  May 10, 2007

Cisco CEO John Chambers has identified "very strong order growth" in the MEA region as a highlight in the network's giant's fiscal third quarter results.

For the period ended April 28, Cisco reported a US$1.9 billion net profit, on sales up 21% year-on-year to US$8.9 billion.

While he told analysts that US enterprise sales were "relatively sluggish" Chambers said that one of the highlights of the quarter was solid demand from emerging geographies.

"We saw very strong order growth from the emerging markets theatre of approximately 40% year-over-year, with Eastern Europe leading the way with growth above 50% followed by the Middle East and Africa operations with growth in the mid-40s," he said.

Chambers also pointed to the expanding role of Cisco's service provider customers as another "key takeaway" of the quarter, which resulted in the vendor hitting record revenues.

"Our technology and business architecture strategy is moving Cisco from a tactical or strategic partner for our service providers to a strategic business partner relationship in many of our accounts," he explained.

Cisco last year announced its intention to invest US$265million into Saudi Arabia, including plans to boost its headcount from 70 to 600 in the Kingdom, announced during a visit there by Chambers himself.

Customer wins in the past year include a project with Saudi Post, the postal carrier for the Kingdom, and a contract with Saudi Telecommunications Company (STC).

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