Cisco reports record profit but outlook disappoints
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Cisco Systems' fiscal first-quarter profits jumped 29% 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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DECEMBER 13, 2004  - SAN JOSE -- Cisco Systems Inc.&#39;s prices have typically been higher than those charged by its smaller networking rivals.
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Plus: Cisco posts higher quarterly profit...RealNetworks reports leap in quarterly earnings...Time Warner earnings perk up. Check back for latest.
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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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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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Cisco Systems Inc. (csco.o) on Tuesday  reported quarterly revenue and income that exceeded market  expectations as companies upgraded their networks, sending its  shares up 9 percent.
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Cisco Systems Inc.'s second-quarter profit surged nearly 40 percent as the world's largest maker of networking gear benefited from equipment upgrades to support bandwidth-hogging video downloads.  For the quarter ended Jan.
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Cisco Systems (nasdaq: CSCO - news - people ) posted first-quarter results Tuesday, and investors are likely jumping like the firm&#39;s financials: Profit rose 29%, as the network equipper cited strong activity in both its traditional arenas as well as in
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By JORDAN ROBERTSON  SAN FRANCISCO - Cisco Systems Inc.'s second-quarter profit surged nearly 40 percent as the world's largest maker of networking gear benefited from equipment upgrades to support bandwidth-hogging video downloads.  For the quarter ended Jan.
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Cisco Systems Inc. (CSCO), the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on stronger demand for
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Juniper Networks reported a second-quarter profit of $86.2 million, on a more-than-expected revenue increase of 17 percent.
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Juniper Networks Inc ,  the world's second-largest maker of routers for the Internet,  reported on Tuesday a 46 percent jump in quarterly profit, but  its shares fell after the results missed some investors' raised  expectations.
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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.ADVERTISEMENTSBC Datacomm White PaperFind out how Crate & Barrel expects to save $180,000 by moving to VoIP, compared to a traditional PBX.
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(InfoWorld) - Cisco Systems isÂ on target to meet its growth forecastÂ for this quarter and sees big opportunities over the next several years in collaboration technologies and developing economies, executives told financial analysts on Wednesday. The company said last month it expects revenue to grow 16 percent in the current quarter, ending in October, and Chairman and CEO John Chambers said it stands by that estimate. That was one of few references to current results during a daylongÂ conference for Wall Street analystsÂ at Cisco's San Jose, California, headquarters. Instead, Cisco focused on what it sees as long-term trends that will help it grow. Rich IP (Internet Protocol) communication among employees, friends, and family members will change the way people work and live -- while offering an extra benefit to the router maker. "It really loads networks," a smiling Chambers said. He seesÂ Web 2.0 technologiesÂ such as social networking and wikis moving into enterprises alongsideÂ TelePresence, Cisco's big-screen, high-definition system for audio and video meetings. The company is so confident that enterprises will buy TelePresence that it's planning a suite of line cards for its flagship Catalyst switches that is designed to minimize jitter and other network problems to ensure the best TelePresence experience, said Jayshree Ullal, senior vice president of Cisco's datacenter, switching, and security technology group. Even as it crows about the superior quality of its own system, Cisco is also offering a version of TelePresence that can be hooked up with customers' existing videoconferencing points. The system, called Cisco Unified Conferencing for TelePresence, protects enterprises' investments in other conference platforms and has helped overcome resistance in some sales, Chambers said in an interview at the event. It's one more way to ease customers into TelePresence, along with a recent deal in which Regus Group will set up TelePresence facilities in its rental business centers, Chambers said. Chambers emphasized to analysts that the key to Cisco's success is the big picture. "It isn't anything unique that we're doing here, but it's an architectural play," Chambers said. Despite itsÂ brisk acquisition pace, the company doesn't acquire any technology that can't eventually be tightly integrated with the rest of its service provider, enterprise and home network products, he said. Selling an end-to-end architecture instead of just boxes helps keep Cisco above price-driven competition, said Mark Sue, an equity analyst at RBC Capital Markets, in New York. The company also has high hopes for emerging markets, where it expects year-over-year growth each quarter to average 30 percent to 50 percent over the next few years. The Middle East and Africa are especially hot now, including both oil-producing countries and parts of Africa where foreign aid money is going into networks for education and health care, said Paul Mountford, senior vice president for emerging markets. Meanwhile, in Europe, Cisco sees strong growth in Germany, which has used IT less than the U.K. but is embracing it more as it develops a service economy. Cisco has added numerous technologies to its portfolio in the past few years, including unified communications, wireless, and storage, and wants to pick up its pace. The company hopes to add a new technology every quarter, Chambers told the IDG News Service. One analyst at the conference thinks that's the wrong strategy. Cisco is now facing the same problem Microsoft and Intel did a few years ago when PCs had filled the market, said Samuel Wilson of JMP Securities. Cisco's enterprise customers already have networks, and it has to convince them to upgrade them, he said. But a mature company such as Cisco should admit it's not young anymore and invest in dividends for its investors instead of branching off into new areas, Wilson said. Â
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Cisco Systems Inc., the world&#39;s largest maker of computer-networking equipment, said first- quarter profit rose 29 percent amid demand for Internet phones and devices that link homes to the Web.
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Cisco Systems Inc.'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 such as Internet telephones, wireless and home networking gear.
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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.