SAN JOSE, Calif. ( TheStreet) -- Apple's (AAPL) new iPad, along with the slew of Google (GOOG) Android-based tablets, spells big opportunity for Cisco (CSCO), according to Robert Lloyd, the networking giant's executive vice president of worldwide operations.
"It means that the network does play, and will play, a critical role in opening up these devices into corporate IT," he said during an interview at Cisco's headquarters. "Our customers are saying 'How am I going to exploit that
|Cisco sees opportunity in the new Apple iPad.|
Cisco, which busted out strong second-quarter results last month, is rebounding from a difficult period in company history. After undergoing a massive corporate overhaul, though, Cisco is enjoying healthy growth in key areas such as switching and routing.
Cisco's switching revenue, which accounts for almost a third of total sales, climbed 8% year over year during the second quarter. The company's routing revenue, which makes up just under a fifth of Cisco's sales, also grew 8%.Lloyd added that Cisco has seen improved demand for a number of its offerings since Apple kick-started the tablet revolution in early 2010. "We have seen a huge amount of growth in our Wi-Fi business," he said, adding that tablets have also boosted Cisco's security sales."The network is more relevant than ever before, and we're really looking at that change in devices and explosion in mobility as a huge opportunity for Cisco." Cisco, of course, has its own tablet, the business-focused Cius, although Lloyd said the device should not be compared to Apple's iPad. "Don't confuse the Cius with a consumer tablet," he said. "It's a business device that's optimized not only for communications, but
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