Cisco Systems reported 63% revenues growth in Russia over 2011 financial year

Cisco Systems, the world’s leading vendor of computer networking solutions, increased its sales revenues in Russia by 63% on a yearly basis in the financial year which ended 31 July 2011. The vendor did not disclose the value of its sales in the country. However, based on an unofficial source quoted by Vedomosti, in the period under review sales revenues of Cisco’s Russian subsidiary exceeded $700m (€507m).

Cisco has approximately 1,200 authorised partners in Russia involved in the distribution, maintenance and support of its equipment.