Feeds

Cisco hits lowered targets

Pessimism pays off

Reducing the cost and complexity of web vulnerability management

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. ®

Choosing a cloud hosting partner with confidence

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.