The volume of Cisco business in Russia grew up on 4.37 billion rubles in 2018 and reached 31.86 billion rubles compared to 27.49 billion rubles the previous year.
The company operates in Russia through two legal entities.
The revenue of the first of them, Cisco Solutions, grew up on 18% in 2018 and reached 29.8 billion rubles. The similar indicator of the second one, Cisco Systems, decreased by 13%, reducing to 2.06 billion rubles.
Thus, the total revenue of the corporation increased by 16% in Russia.
The pure gain of Cisco Solutions increased to 2.7 billion rubles in 2018 compared to 1 billion rubles the previous year, Cisco Systems – up to 158.5 million rubles vs 61.6 million rubles in 2017.
It’s interesting to note that Cisco company didn’t conclude any direct contract with state companies in Russia during 2018.