Feeds

Cisco stock options crimps Q3 earnings

Less than bullish for Q4

The next step in data security

Cisco chief executive John Chambers said the networking giant had beaten expectations for the third quarter, ending 29 April 2006, but it isn't increasing estimates for the current quarter.

The firm sold $7.3bn worth of kit in the the quarter and made a profit of $1.4bn - including the costs of staff share options. This was about the same as profits same time last year, when options were not expensed. Revenue grew 12 per cent year-on-year excluding the impact of the $6.9bn purchase of Scientific-Atlanta. Chambers is bulllish about the progress made in integrating the firm.

He said it was a strong quarter, especially in the US. Sales in Europe were slightly weaker and Japan showed "signs of flattening". Sales in US and Canada account 52 per cent of Cisco's business.

Emerging markets, Eastern Europe, Latin America, Middle East and Africa, and Russia make up only 10 per cent of Cisco's total business, but grew at 30 per cent compared with the year before.

Chambers said: "Our success in the emerging markets is exceeding even our own optimistic expectations."

More from Cisco here. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.