BENGALURU:

India’s operational revenue crossed the $1-billion mark for the first time on a standalone basis. The entity represents the services business and is only one of several that the network gear maker has in India. At least one of the other entities represents the products business.

Cisco Systems India’s revenue from operations rose about 9% to Rs 7,587 crore for the fiscal ended March 31, data obtained by business intelligence platform Tofler shows. Net profit, however, dropped to Rs 465 crore from Rs 496 crore as expenses rose. On a CAGR basis, revenue rose 13% between 2015 and 2019.

Globally, products contribute 75% to the $52-billion company’s top line, while the rest comes from services. It’s not clear what the split in India is. In spite of the growth, India continues to remain a small pie (2-3% of global revenue) in the company’s ecosystem. Former chairman John Chambers, an unabashed champion of the country, had told TOI in 2014 that considering the engineering talent the company has in the country, the investment and partnerships it has made over the years, India should be 5-10% of revenue.