Feeds

Cisco misses the Street

UK and Europe blamed

Security for virtualized datacentres

Cisco shares in Frankfurt are down almost three per cent this morning after the router giant posted disappointing quarterly results late last night.

For the first quarter of 2006, ended 29 October 2005, Cisco made sales of $6.5bn, compared with $6.0bn for the first fiscal quarter of 2005 and $6.6bn in the fourth quarter of 2005.

Net income in the period was $1.3bn compared with $1.1bn in the first quarter of 2005. This figure was hit by stock option expenses of $228m.

Cisco's president and CEO, John Chambers, said: "Q1 was a solid quarter for Cisco, with balanced execution across most of our geographies, market segments and product categories."

Despite this analysts and the markets were disappointed with Cisco's prediction that growth in the next quarter will be between eight and nine per cent not the 11 per cent they had been expecting. Chambers said poor sales in Europe, and especially the UK, weakened performance.

Cisco's stock repurchase program continues - during the period it bought 194m shares at an average price of $18.03 - a total of $3.5bn.

There's a Q&A with president and CEO John Chambers and CFO Dennis Powell available here. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.