Cisco sees momentum in CRS-1 sales
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Executives at networking giant Cisco Systems say the company&#39;s new CRS-1 core Internet router is ahead of revenue targets, just as the company announced on Sunday a smaller version of the product.
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Cisco Systems Inc. CSCO.O, the  biggest maker of gear to direct traffic over the Internet, on  Tuesday said it was on track to meet Wall Street's fiscal 2005  revenue growth estimates, but signaled that profit margins were  under pressure.
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Cisco Systems, the world&#39;s largest maker of equipment that routes traffic across the Internet, barely met analyst expectations on Tuesday when it reported quarterly earnings and noted a sequential decline in revenues for its IP router business.
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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, benefiting from higher sales in advanced technologies and the impact of a year-earlier accounting change.
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The deal comes as Cisco pushes to develop a market for CRS-1, a new line of routers aimed at telephone, wireless and cable companies.
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Cisco Systems Inc. (CSCO.O: Quote, Profile, Research) , the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent
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(InfoWorld) - The first week of September, the unofficial start of the new season, has been hectic for IT investors. Analysts are scrambling to parse through news from networking giants Cisco Systems Inc., Alcatel SA and Lucent Technologies Inc., and a board fracas at Hewlett-Packard Co. caused the company to come under the scrutiny of the U.S. Securities and Exchange Commission as well as the California State Attorney General. The big question for Wall Street analysts and institutional investors attending the Cisco Systems Inc. analyst day in New York Wednesday was whether the vendor could sustain its revenue and profit momentum. Executives lead by Chief Executive Officer John Chambers said that by incorporating data, voice, video and mobile capabilities -- its so-called "quadruple play" -- across all its product lines, Cisco can take advantage of converging networks in the service provider, enterprise, commercial and consumer markets. The company reiterated its forecast of 10 percent to 15 percent growth for the next three to five years. But more importantly, in wide-ranging give-and-take with the Wall Street community, company executives appeared very confident about specific details that backed up the forecast. "They were very bullish," noted Mark Sue, an analyst with RBC Capital Markets. Sue said that two good signs were the company's confidence that it could keep its tax rate down to current levels (hovering around 25 percent) and Chief Financial Officer Dennis Powell's statement that the company would pay out a dividend at some point. The company did not get an uptick after the meeting, even though some analysts said they thought shares have a lot of potential to move upward. Part of the problem may be that Cisco was caught in the general market depression this week, as a result of reports of slowing housing sales. Cisco (CSCO) closed at US$21.54 Thursday, down $0.15. Meanwhile Alcatel SA and Lucent Technologies Inc. shareholders approved the merger of the two networking vendors Thursday. The merger is seen as part of a trend toward consolidation in the networking and telecom markets. There is intense competition in the growth areas of the mature enterprise market -- such as VOIP -- while Chinese manufacturers are putting pressure on the Western networking giants on the low end. IT investors are taking a wait-and-see approach to Alcatel-Lucent. On Thursday, Lucent (LU) shares closed at $2.25, down by $0.02, while Alcatel shares (ALA) closed at $11.77, down by $0.24. On his part, Cisco's Chambers sees his greatest competition coming from Asia, not Paris or New Jersey. A board disagreement at HP, meanwhile, is a sign of the times. An internal investigation by HP to see which members of its board of directors leaked information to the press resulted in several board members leaving earlier this year. One departed board member, Silicon Valley venture capitalist Thomas Perkins, has accused HP of using possibly illegal means to conduct its investigation, sparking newly revealed government inquiries. However it ends, the squabble is seen to signify the end of an era when board members were all good friends of the chief executive. The leaks stemmed back to the time when the board started having critical discussions of ex-CEO Carly Fiorina. Though current CEO Mark Hurd appears to be well on the way to a healthy reorganization of the company, the board infighting could be a distraction. HP (HPQ) shares closed at $35.42 Thursday, down by $0.42.
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Cisco Systems Inc has posted an unexpected 40% profit jump on 27% higher sales for its second fiscal quarter.
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Cisco Systems Inc. on Tuesday reported significant gains in earnings and revenue for its fiscal 2005 first quarter that met analyst expectations.
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It&#39;s hard to overstate how important the&#160;Nexus data-center switching platform, set to be unveiled Monday, is to Cisco Systems: for the dominant networking vendor&#39;s enterprise business, it&#39;s the biggest thing since the Catalyst 6000, which made its debut in 1999, according to the two key executives on the project.At a dinner with press last week, they compared it to the CRS-1 (Carrier Routing System), a huge switch for the core of carrier networks that Cisco rolled out in 2004. To bring that platform to life, the company developed a new version of its flagship IOS (Internetworking Operating System) software and engineered the hardware to scale up to 92Tbps of throughput. The core of the Internet is Cisco&#39;s turf, and it wasn&#39;t willing to give any ground to upstarts.The Nexus brings Cisco into not just a new territory for its business, but a new product category: a unified switch that spans storage and computing in datacenters and has security built in. Given the stakes, superlatives are natural.-- A single Nexus chassis will be able to handle more than 15Tbps of traffic ripping through a data center, up from just 2Tbps for a current Catalyst 6500 switch.-- At that rate, the switch could run 5 million concurrent transcontinental conferencing sessions using Cisco&#39;s TelePresence Collaboration system. It could also copy the entire searchable Internet in 7.5 minutes.-- One interface module for the Nexus 7000 chassis will come with 32 10Gbps ports, and the platform is designed to support future interfaces including 100Gbps.-- The company spent about $250 million on research and development for the new platform, and at its peak, the Nexus R&amp;D team numbered more than 500 engineers, according to Tom Edsall, senior vice president and chief technology officer of Cisco&#39;s Data Center Business Unit.As with the Catalyst 6000 Series and the CRS-1, Cisco developed the Nexus with an eye to long-term needs. Where the CRS marked the debut of IOS XR, the first modular version of IOS, the Nexus will have Cisco&#39;s first OS that can be fully virtualized, called NX-OS. The Nexus will also break new ground with its lossless switching fabric, a departure from traditional Ethernet -- though backward compatible with it, Cisco said.The system also represents a gamble on FCoE (Fibre Channel over Ethernet), a still-emerging standard for sending traditional Fibre Channel storage network traffic over Ethernet. Though the new standard will probably succeed with the backing of Cisco and other big vendors, the installed base of Fibre Channel is huge, said Yankee Group analyst Zeus Kerravala. There will be a proving period for Ethernet as a reliable, lossless datacenter transport, he said.Cisco expects the uptake of the new platform to take time, just as it did with the CRS. The first Nexus product will go on sale in the second quarter of this year, and in the first year Cisco expects to see mostly trials of the new system, said Jayshree Ullal, senior vice president of Cisco&#39;s datacenter group. Deployments will probably start to pick up in the second, third and fourth years after the introduction, she said.But just as the opportunity was huge for the CRS, as video and other traffic rose fast on carrier networks, the chance to capture next-generation datacenters is likely to justify Cisco&#39;s efforts on the Nexus line. Web-based services and applications, as well as outsourced computing offerings from Amazon.com and other companies, are powering the growth of massive data centers. Microsoft&#39;s MSN division is a test customer of the Nexus, said Ullal. Asked whether the mighty Google would buy in as well, Ullal said, &quot;I would hope so.&quot;
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Stocks appeared set to open higher on Wednesday, particularly on Nasdaq, after Cisco Systems Inc.'s  results and outlook exceeded forecasts and reassured investors on prospects for corporate earnings.
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Sub-prime takes the shine from quarter Cisco System profit rose 37 per cent in its first quarter '08, with growth in the networking equipment maker's international segments offsetting a "lumpy" US enterprise market.â¦
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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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Shares of Cisco Systems fell sharply Wednesday after the company&#39;s chief executive, John Chambers, said sales growth would slow this quarter and that it was too early to say whether customers were more optimistic about the economy.
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August 23, 2004 -  - Cisco Systems, Inc. (www.cisco.com) today announced, with the support of Microsoft, the Cisco Customer Relationship Management (CRM) Communications Connector developed for Microsoft Business Solutions CRM.
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SAN JOSE, Calif. - Cisco Systems Inc.&#39;s fiscal first-quarter profits jumped 29 percent as the network equipment giant reported continued strength in its traditional markets as well as emerging technologies
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NEW YORK - Cisco Systems is aggressively trying to build its presence in key growth markets, and it&#39;s using both new products and new acquisitions to do it.