Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

Cisco revenue inched up in Q4

The company's profit increased 56 per cent as it trimmed staff in some areas

Cisco Systems has posted a small sales gain of 4 percent and a larger boost in profit for its fiscal fourth quarter.

The company's revenue hit $US11.7 billion for the quarter ended July 12, up 4 per cent from a year earlier. Its net income rose 56 per cent from the year-earlier quarter, to $US1.9 billion. Cisco earned $0.36 per share.

Not counting one-time items, the company recorded earnings per share of $US0.47, just over the $US0.46 forecast by analysts surveyed by Thomson Reuters. Quarterly revenue also slightly beat analysts' expectations of $US11.7 billion.

Cisco is continuing to adjust its organization and product lines even after carrying out a broad reorganization announced last year, which cut $1 billion of annual expenses and more than 12,000 jobs.

In May, the company killed its Cius tablet, and just last week it announced the elimination of about 1,300 more positions.

Cisco faces numerous challenges to go with its wide-ranging product portfolio. One of the largest is the transformation many observers expect with software-defined networking, which may leave some of Cisco's equipment out of the loop.

During the quarter, the company announced its own network programmability architecture, called Cisco Open Network Environment. And just last week, the company disclosed it is developing a new, low-latency data-center switch, the Nexus 3500, probably aimed at rivals using Infiniband.

(More to come.)

Related Articles

  1. CMO interview: Becoming a change agent

    CMO

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Cisco, Cisco Systems, Reuters, Thomson
Comments are now closed.
Related Whitepapers
Latest Stories
Community Comments
Latest Blog Posts
Whitepapers
  • Clearing the Clouds for Midmarket Businesses
    Cloud computing promises to help midmarket companies reduce cost and complexity in the IT equation – and gain the flexibility and agility they need to thrive. Yet charting a clear course to the cloud isn’t always easy. In this paper, we aim to clear the clouds. We examine different cloud computing models, discuss the types of requirements that each can best address, and consider what midmarket businesses should look for in a cloud solutions provider.
    Learn more »
  • Customer Success - Slater & Gordon Lawyers
    Lawyers work hard, and they work fast. Any activity that takes their focus away from the task at hand represents lost productivity and lost revenue. Slater & Gordon Lawyers needed to filter spam and email-borne malware and provide high availability for email. Results from the business solution they chose include 250 hours of IT staff time reclaimed annually for other tasks, long delays in email delivery alleviated, reduced email-related storage costs, and email failover to the cloud in minutes, avoiding hours-long outages. Find out how they got these results.
    Learn more »
  • Top 10 tips for Migration
    As users bring multiple devices to the workplace, IT departments need to have a single view of all their mobile devices. Find out how to build a secure and reliable management platform for next generation mobile computing across multiple platforms. Click for more!
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Recent comments