Cisco product sales for fiscal Q4 2012 total $9.15 billion with 2.6% Y-o-Y growth and services revenues grow by 11.7% Y-o-Y to reach $2.54bn, growth the company attributes to ongoing restructuring efforts.
The quarter sees flat sales ($3.6bn) for switching as fixed switch sales grow by 6% and modular switch revenues fall by -3%.
Total Cisco revenues for fiscal 2012 rise by 6.6% to reach $46.1bn, meeting the company's goals for the period. The company currently focuses on key switching, routing and collaboration while pushing Unified Computing System (UCS) server sales.
Switching sales for fiscal 2012 reach $14.5bn (with 3% Y-o-Y growth) and routing sales grow by 8% to $350m.
Data centre products (including UCS machines and the Nexus 1000v virtual switch) show solid growth in 2012-- sales grow by 87% Y-o-Y, reaching $1.3bn.
"Our strategy... is proving the right long-term strategy for our success," claims CEO John Chambers, even if the company still warns overall global spending remains weak.
Global enterprise spending at Cisco was down by -1% Y-o-Y in Q3 2012, but grew by 6% Y-o-Y in Q4. Meanwhile public institution spending in fiscal 2012 slowed down, stalled and is now in decline.