Cisco's logistics facility in Bangalore

By Our Staff Reporter

BANGALORE, OCT. 16. Cisco's revenues for Q1, 2001 will be in line with its earlier projections. India is expected to make a significant contribution to the revenue stream.

``We have a responsibility to be profitable and revenues from our products will increase and we are convinced it will," Mr. Gary Jackson, Cisco Systems, Asia vice president, said briefing the media at the launch of Cisco's logistics facility in Bangalore today. The first quarter results of Cisco will be released on November 5 (fiscal year August-July). For fiscal 2001, it had generated revenues of $16-18 billion, according to Mr. Jackson.

India is one of the top four revenue generators in the Asia Pacific region which contributes 11 per cent of Cisco's global revenues. ``In terms of sales, Internet penetration and corporate requirements, India will continue to grow dramatically over the next five years and Cisco would continue to invest substantially on its Indian operations," Mr. Jackson said. Cisco has invested $200 million on its Indian operations including the research and development centre in Bangalore.

The networking infrastructure giant has invested significant `double digit numbers' on the new logistics facility which is expected to service the domestic partners of Cisco as well as Sri Lanka and Bangladesh. This is the seventh logistics facility of the company.

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