Earnings reports hint at IP networking growth
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Juniper Networks sets tone for earnings season--analysts expect strong growth in IP networking.
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When Cisco meets analysts Wednesday at an annual conference about its business outlook, the dominant networking player will bring a good financial record and an even more impressive forecast.
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Cisco's earnings up in first half of fiscal 2007    LOS ANGELES, Feb. 6 (Xinhua) -- Cisco, the worldwide leader in networking, said on Tuesday that its net sales for the first six months of fiscal 2007, which ended on Jan.
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Cisco posted net income of $1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts.
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The Burlington Northern and Santa Fe Railway is nearing the completion of a $30 million, government-funded IP network that will support combined voice, data and video traffic along a heavily used rail corridor between Seattle and Tacoma.
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Cisco Systems Inc., the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on rising demand for its networking gear.
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Earnings meet analyst expectations, and company continues to gain momentum through wireless and fiber-to-the-home business.
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(InfoWorld) - When Cisco meets analysts Wednesday at an annual conference about its business outlook, the dominant networking player will bring a good financial record and an even more impressive forecast. Rapidly expanding beyond its traditional routing and switching businesses into voice, video, wireless, and other categories,Â the company now sees gold in collaboration using Web 2.0 technologies. Last month, when it reported results for its fourth quarter and 2007 fiscal year, Cisco upped its forecast for quarterly revenue growth, year over year, to between 12 percent and 17 percent on average. That prediction is likely to be a hot topic at the conference, taking place at Cisco's San Jose, California, headquarters. That's impressive for a company that's anything but a startup with a market capitalization of about $200 billion and annual revenue of nearly $35 billion. Even Microsoft's quarterly revenue hasn't consistently been growing that fast in recent years. The new forecast is a jump up from a previous standing estimate of 10 percent to 15 percent that was controversial when first made a few years ago. Analysts credit smart moves and generally good execution in entering new technology areas as well as strength in its core markets for the company's ongoing success. Real-time communications of all kinds, including voice, data, social networking, and a form of high-quality videoconferencing Cisco calls Telepresence, will drive continued growth, Chairman and CEO John Chambers said last month. The company has aggressively acquired to capture new markets,Â buying video infrastructure vendor Scientific-AtlantaÂ last year andÂ online collaboration service WebExÂ earlier this year, in addition to many smaller players. But its followup is just as important, according to Brian Riggs of Current Analysis, who specializes in communications. Cisco doggedly builds on the products it acquires and modifies its lineup to meet customer demands as it did with its Smart Business Communications System for small businesses earlier this year, Riggs said. Cisco also seems to have a smarter approach to developing markets than do other first-world tech companies, said Yankee Group analyst Zeus Kerravala. Starting at the top with heads of state and convincing governments of the value of Cisco's technology, the company sells into poorer countries without eroding its profit margin, he said. Threats still loom, however. Microsoft is getting ready to take on Cisco's unified communications architecture with Office Communications Server 2007 despite the two companies' pledge last month to work together. Hewlett-Packard's well-priced ProCurve products are gaining in enterprise LANs, F5 Networks could threaten Cisco in data centers, and there's a danger of Cisco's infrastructure gear becoming a commodity unless the company keeps innovating, Kerravala said. However, Chambers's rhetoric and Cisco's results also say something about the industry as a whole, he said. Sales of HP and Foundry Networks's enterprise products are also growing in a cycle that Kerravala attributes to upgrading networks that were built in advance of Y2K. "At first glance, you can say he's being overly optimistic, but on the other hand, he's rarely wrong," Kerravala said.
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Shrubs off last year's loss Juniper Networks swung to a profit during the second quarter of 2007, spurred by an increase of product and service sales as companies buy more equipment to handle internet traffic. The company reported a $86.2m profit for the second quarter of 2007, compared to a $1.21bn loss in the same period last year.â¦
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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.All eyes were on&#160;Google, which Thursday reported another stellar quarter. For the third quarter, net income was $1.07 billion compared with $733.4 million a year ago. Revenue leaped 57 percent to $4.23 billion. The company has made some investors nervous by expanding rapidly and spending a lot of money on acquisitions to fuel growth in new areas. However, its core search business manages to ward off the competition. Google shares jumped $6.14 to $639.62 right after its announcement.Google archrival&#160;Yahoo reported a 4.6 percent decline in third-quarter profit&#160;compared to a year ago Tuesday, but revenue climbed 12 percent to $1.76 billion. Company executives said they were weeding out poorly performing services and enhancing efforts in promising areas&#160;like ad-supported music services and e-mail offerings to small businesses. The company is also expanding efforts to support third-party developers with open APIs.Even though Yahoo has been blasted for its failure to steal search ad revenue from Google, investors and analysts appear to like its strategy. Citigroup maintained a &quot;buy&quot; rating on the company while RBC maintained an &quot;outperform&quot; rating. Yahoo shares jumped $2.13 to close at $28.82 the day after the report.The market might be tougher on Internet retailers. eBay reported Wednesday that revenue climbed 30 percent but that it suffered a loss because of a $1.39 billion charge for&#160;its acquisition of Internet phone pioneer Skype. Although the company raised its 2007 revenue target, investors apparently did not like the charge for Skype, which failed to make revenue goals. Shares of eBay lost $2.50 to close at $38.10 Thursday.In one of the most-anticipated results of the week,&#160;Intel got the earnings season off to a good start Tuesday, reporting revenue of $10.1 billion, a 15 percent increase year-over-year, while achieving net income of $1.9 billion, a whopping 43 percent increase. The price competition in the market is tough, but a jump in sales and a restructuring effort appears to be paying off. Intel jumped $1.24 to close at $26.72 the day after the report.AMD did not handle the price competition so well, however. Though it registered a 23 percent rise in sales, it posted another loss. Thursday,&#160;AMD reported that its net loss was $396 million, compared with a profit of $136 million in 2006.Reaction to IBM results were mixed Tuesday, when&#160;it reported profit of $2.36 billion, compared to $2.22 billion a year ago. Revenue was $24.1 billion, a 7 percent increase from last year. Though the numbers were better than expected, a disappointing 10 percent slip in hardware sales worried investors, who pushed down IBM shares Tuesday by $3.82 to close at $115.78.Nokia managed to offset declining prices of handsets with a jump in sales. Thursday it said that for the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, while sales rose 28 percent. Nokia shares closed Thursday at $37.64, up by $1.11.Concerns about the U.S. economy -- because of a declining housing market and an increase in mortgage defaults -- caused shares to tumble in July and August. But judging from results this week, IT vendors were not hard hit during the quarter and investors are likely to have high expectations for the rest of the year.
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(InfoWorld) - Cisco posted net income of $1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts. A consensus of analysts who follow Cisco estimated it would earn $0.31 per share, not including stock-based compensation, on revenue of $8.279 billion, according to a report from Thomson Financial. Revenue grew by more than 27 percent from $6.6 billion and net income on a GAAP (generally accepted accounting principles) basis grew 39.7 percent from $1.4 billion compared to the year ago quarter. Earnings per share rose 40.9 percent from $0.22 a share compared to the year ago quarter. Excluding certain expenses, Cisco, a maker of computer networking equipment, earned $2.1 billion, or $0.33 a share in the quarter ended Jan. 27.
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Network equipment maker Cisco Systems  Inc.  on Tuesday reported fiscal fourth quarter revenue  and income rose more than expected as companies upgraded their  networks.
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Cisco yesterday reported net revenue of $6 billion for its first quarter, a slight uptick compared with the previous quarter but 17.1% more than in the year-ago quarter.
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Cisco Systems, the maker of Internet networking equipment, said that it was on track to meet Wall Street's estimates for 13 percent growth in revenue for fiscal 2005.
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(InfoWorld) - With shares of major technology companies trading as high as they have ever done in the post dot-com era, IT investors this week are scrutinizing quarterly results from the world's biggest vendors to judge how the market will hold up for the rest of the year. Market analysis firms started off the year predicting an overall global annual IT spending increase of about 6.5 percent, so no one was expecting technology vendors to experience growth at the heady rates of the late 1990s. But even as competition squeezes profit margins, results overall point to a healthy 2007. In the hard-fought Internet services arena, product development and customer acquisition costs remain high, but Google continues to show skyrocketing growth. Thursday, it reported thatÂ second quarter net income rose 28 percentÂ from a year earlier to hit $925.1 million as revenue, minus traffic acquisition costs, surged by 63 percent to reach $2.72 billion, above the average forecast of $2.68 billion by analysts polled by Thomson Financial. In the chip sector, Intel reported Tuesday that even though gross margins on product sales shrank,Â profit for the second quarter increasedÂ 45 percent from last year to $1.3 billion. Company officials said that revenue for the third quarter would be $9.0 billion to $9.6 billion, beating its previous forecast. IBM also raised its earnings forecast for the rest of the year Wednesday and reported thatÂ second quarter results were its best in six years. Net profit was $2.3 billion, up 11.8 percent increase from a year earlier, on revenue of $23.8 billion, up 9 percent. In software, Microsoft was upbeat about its core business Thursday. Though it faces a mature market for its cash-cow products, it said sales of operating systems, server software and tools fueled a 7.3 percent rise in net income asÂ revenue rose 13 percent to $13.38 billion. Both profit and sales beat Wall Street estimates. However, companies like Motorola reminded investors that in an era of moderate growth, not everyone can win big. Two days after announcing it would restructure operations, the handset maker Thursday reported that disappointing sales of mobile devices led to aÂ second-quarter loss of $28 million, down from net income of $1.38 million a year earlier. Product design has become a crucial issue as the North American and European markets mature. Yahoo, meanwhile, suffered in the Internet services market,Â reporting Tuesday thatÂ net income for the quarter was $161 million, down from $164 million one year earlier. Yahoo also lowered its earnings guidance for the rest of the year. Despite disappointing results in some of the harder-fought areas of IT, overall earnings news and guidance for the rest of the year, coupled with the latest reports on customer spending, suggest that 2007 could end up being one of the brightest years in the wake of the dot-com bust. The tech-heavy Nasdaq stock market index hit six-and-half year highs this week and last, and customer spending seems to be exceeding forecasts. Results of the quarterly CIO Magazine Tech Poll published earlier this month, for example, indicate improved IT spending forecasts with respondents predicting increases of 7.2 percent over the next 12 months, versus estimates earlier this year of an average 5.1 percent increase.
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Cisco Systems Inc.'s fiscal first-quarter profits jumped 29 percent as the network equipment giant saw growth in its traditional routing markets as well as its emerging technologies like Internet telephone and home networking gear.
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Cisco Systems Inc.  said on  Tuesday its quarterly net profit rose as customers bought more  network equipment in response to growing Internet traffic.