In 2023, Cisco generated revenues of around 57 billion U.S. dollars, representing an increase of 5.4 billion U.S. dollars from the previous year. The company's revenue has now surpassed the previous record-high levels registered in 2019, when the company generated 51.9 billion U.S. dollars.
Cisco’s business segments
Cisco Systems is a California-based company that designs, manufactures, and sells telecommunications equipment, networking products, software, and technology services. Cisco’s business includes four reportable product segments: ‘Infrastructure Platforms’, ‘Applications’, ‘Security’, and ‘Other Products’. The ‘Infrastructure Platforms’ segment is by far the company’s largest and includes networking technologies products such as switching, routing, wireless, and data center products.
Cisco’s competitors
Founded in 1984, Cisco has gone on to become one of the top technology brands globally. The company is a leading player in the telecommunications equipment market, ranking second only to Huawei among leading telecom infrastructure companies. The company also dominates the enterprise network infrastructure market, this time ahead of Huawei, as well as of Hewlett Packard Enterprise (HPE) and Nokia.
Cisco Systems' revenue worldwide from 2006 to 2023
(in billion U.S. dollars)
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Cisco Systems. (August 16, 2023). Cisco Systems' revenue worldwide from 2006 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/
Cisco Systems. "Cisco Systems' revenue worldwide from 2006 to 2023 (in billion U.S. dollars)." Chart. August 16, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/
Cisco Systems. (2023). Cisco Systems' revenue worldwide from 2006 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/
Cisco Systems. "Cisco Systems' Revenue Worldwide from 2006 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 16 Aug 2023, https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/
Cisco Systems, Cisco Systems' revenue worldwide from 2006 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/ (last visited October 06, 2024)
Cisco Systems' revenue worldwide from 2006 to 2023 (in billion U.S. dollars) [Graph], Cisco Systems, August 16, 2023. [Online]. Available: https://www.statista.com/statistics/271853/worldwide-net-sales-of-cisco-systems-since-2006/
