Oct, 2001 : Cisco Sees Growth in Europe, Middle East, Africa
📅 - Cisco Systems Inc. (http://www.cisco.com) says it expects double-digitgrowth in sales in Eastern Europe, the Middle East and Africa in 2002, aregional official of a leading U.S. maker of Internet equipment told Reuterson Tuesday.
"What we do see is growth and it's double-digit growth for the region," saidNigel Pink, director of business development for Eastern Europe, Middle Eastand Africa, in an interview when inquired about his growth forecast for nextyear.
Increased Internet usage in the region will be one major factor in growth,he said. He also said "we are very keen to work with local governments ofthese countries and find ways in which we can not just put money but thinksmarter, quicker, accelerate things."
Pink said Cisco was "open for acquisitions in the region" of small andmedium-sized businesses. "The acquisition strategy of Cisco is a global one.There are some fantastic technology companies out there, and we will acquirethem if it's the right thing to do for the overall business," he said. "Ifyou acquire a small to medium company, then the ability to integrate theminto its culture and into your business system is much easier."
Pink said it was too early to say whether last month's terrorist strikes andthe subsequent military retaliation on Afghanistan would affect Cisco'sbusiness in the Middle East. In the meantime, Cisco will "maintain focus" onthe Middle East region, he said.
Pink was in the Bulgarian capital Sofia attending a regional economic forumat the time. The company is scheduled to report its first-quarter results onNov. 5.
"What we do see is growth and it's double-digit growth for the region," saidNigel Pink, director of business development for Eastern Europe, Middle Eastand Africa, in an interview when inquired about his growth forecast for nextyear.
Increased Internet usage in the region will be one major factor in growth,he said. He also said "we are very keen to work with local governments ofthese countries and find ways in which we can not just put money but thinksmarter, quicker, accelerate things."
Pink said Cisco was "open for acquisitions in the region" of small andmedium-sized businesses. "The acquisition strategy of Cisco is a global one.There are some fantastic technology companies out there, and we will acquirethem if it's the right thing to do for the overall business," he said. "Ifyou acquire a small to medium company, then the ability to integrate theminto its culture and into your business system is much easier."
Pink said it was too early to say whether last month's terrorist strikes andthe subsequent military retaliation on Afghanistan would affect Cisco'sbusiness in the Middle East. In the meantime, Cisco will "maintain focus" onthe Middle East region, he said.
Pink was in the Bulgarian capital Sofia attending a regional economic forumat the time. The company is scheduled to report its first-quarter results onNov. 5.
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