Partners Still Confident In Cisco Business Despite Wall Street Wallop

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Harry Zarek, CEO and founder of Compugen, a Richmond Hill, Ontario, solution provider and No. 58 on CRN's 2013 Solution Provider 500 list, also said his confidence in Cisco remains intact.

"Clearly, we don't have visibility on their global business, but in our market there is strong, continuing interest in [Cisco's] business and we see no slowdown in customer acquisitions," Zarek told CRN in an email. "We are confident in their portfolio."

Zarek said Compugen's Cisco business grew in the "high single digits" in 2013 and he expects similar growth next year.

While Cisco's emerging markets and service provider segments were down 12 percent and 13 percent, respectively, in the San Jose, Calif.-based company's first fiscal quarter, its enterprise business, and especially its data center segment, grew.

Cisco said its enterprise business was up 2 percent year over year, with its U.S. enterprise business, specifically, growing in the "high single digits."

Cisco's data center segment represented its fastest-growing product group, with its first-quarter revenue jumping 44 percent year over year.


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