Cisco: Service Provider Revenue Shrinks, Overall Revenue GrowsCisco: Service Provider Revenue Shrinks, Overall Revenue Grows
Everything's looking great, says Cisco. Let's just not talk about the service provider business.
February 13, 2019

Service provider revenue is shrinking as part of Cisco's business, but overall revenue grew in the most recent quarter, the company said Wednesday.
Cisco Systems Inc. (Nasdaq: CSCO) reported revenue of $12.4 billion, up 7% year-over-year, for the second quarter of 2019. Non-GAAP net income was was $3.1 billion, up 6% year-over-year. Non-GAAP Earnings per share were $0.73, up 16% annually.
Switches, routers and other infrastructure platforms, representing 57% of Cisco's overall revenue, was up 6% year-over-year, to $7.128 billion. Infrastructure is historically the foundation of Cisco's business but is slowly being replaced by software, services and other recurring revenues.
Infrastructure platform growth includes strong customer uptake of the company's Catalyst 9000 switches and SD-WAN services, the company said.
The company's router products declined, due to overall weakness in the service provider market, Cisco said.
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