Channel Beat: Cisco Service Provider Business Drops Double Digits In Q3

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Cisco reported a 5 percent boost in revenue during Q3, with a total revenue of $12.14 billion. The earnings report marks the final one in John Chambers’ 20 years at the helm of the company.

Domestic revenue was up 2 percent, but U.S. service provider revenue fell 17 percent year over year. Worldwide revenue in that category dropped by 11 percent.

Chambers also addressed rumors Cisco would acquire FireEye, telling his audience not to ’count on’ the rumor they may have heard this week.

HP is opening its Sprout immersive 3-D computer to be sold by solution providers. Until now, Sprout was only for sale through select retailers.

HP expects there to be opportunities for partners in specialized verticals like education. HP bills Sprout as the world’s first immersive computer, ideal for customized learning and collaboration.

Data center power protection and management company APC introduced a new global IT channel organization this week, news the company first broke exclusively to CRN.

APC currently has more than 100,000 partners and $2 billion in sales from the channel. About 64 percent of the company’s North American revenue comes through channel partners.

The new organization will expand to include home and business network product lines, as well as related R&D.

PUBLISHED MAY 15, 2015