Feeds

Cisco hits lowered targets

Pessimism pays off

Gartner critical capabilities for enterprise endpoint backup

Cisco hit its lowered targets for the third quarter of 2008, increasing sales by 10.4 per cent ahead of targeted growth of 10 per cent.

Sales in the three months ended 26 April were $9.8bn, up from $8.9bn in the same period of 2007. Net income was $1.8bn, down 5.4 per cent on the third quarter of 2007. Earnings per share came in at 29 cents compared to 30 cents last year.

The company did better than expected - Cisco's CEO John Chambers gave gloomy forecasts for the period back in February and warned that US and European customers were cautious.

Worldwide sales boosted a weaker performance in the US where year-on-year growth was "mid single digits", while Asia-Pacific managed high teens and Europe grew by 14 per cent.

Looking forward, Cisco said it remained concerned about the situation in the US and the possibility of it spreading to other geographies, but overall it remains optimistic especially on Japan which is "in growth mode". Even if the market does slow Cisco believes it long-term opportunities are unchanged.

Cisco's summary is here. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Flash could be CHEAPER than SAS DISK? Come off it, NetApp
Stats analysis reckons we'll hit that point in just three years
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
Object storage bods Exablox: RAID is dead, baby. RAID is dead
Bring your own disks to its object appliances
Nimble's latest mutants GORGE themselves on unlucky forerunners
Crossing Sandy Bridges without stopping for breath
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.