Cisco, the Silicon Valley based networking giant get 2 per cent of its global revenues of over $48 billion from India, expected the number to grow to 5 per cent over the next five years on the back of growing demand for cloud and networking services. “Right now, India’s contribution is small, about 2 per cent. We are committed to the Indian market. It should be 5-10 per cent of our revenues,” Mr. John Chambers, CEO said at a Las Vegas event
Asked about the timeline, Cisco Senior Vice President (Worldwide Field Operations) Chuck Robbins said it should be 5 per cent in the next five years. “We should grow over 20 per cent every year over the next five years,” he added.
Cisco has over 10,000 people in India across Bangalore, Delhi-NCR, Mumbai, Chennai, Kolkata, Pune and Hyderabad. Of these, 8,000 people are part of the R&D set up.