Cisco Reports 18% Revenue Increase in Latest Quarter; John Chambers Comments

John Chambers Cisco Systems Inc. said Tuesday that its earnings rose 18 percent in the latest quarter as large U.S. companies began investing in big-ticket networking gear again. According to an Associated Press article, orders rose 9 percent from last year, but the federal government and European customers continued to hold back. “The U.S. has to lead the total globe out of this slowdown,” said...

Cisco Adds President Title to COO Gary Moore; John Chambers Comments

Gary Moore Cisco Systems (NASDAQ: CSCO) has promoted Chief Operating Officer Gary Moore, formerly leader of the services unit, to the company’s president ranks. The company said in a Thursday release Moore will oversee end-to-end operations and will continue to drive alignment across the company to support the long-term strategy. Cisco also announced a promotion for 18-year veteran Robert Lloyd...

Cisco to Pay Shareholders 75% Higher Dividend; John Chambers Comments

Cisco Systems (NASDAQ: CSC) will pay shareholders a 14 cent-per-share dividend based offOffice Forms Facilitator its recent fourth quarter financial results. That number represents a 75 percent increase from the 8-cent dividend from the previous quarter, According to Forbes. For the fourth quarter ended July 28, the company reported sales of $11.7 billion, a 4.4 percent year-over-year increase. CEO...

Cisco Presents Financial Numbers; CEO John Chambers Comments

Cisco issued a financial statement, reporting second quarter net sales of $10.4 billion, with net income on a GAAP basis of $1.5 billion and non-GAAP net income of $2.1 billion. “The quarter played out as we expected,” CEO John Chambers said. “Our strategy of tightly integrating our multiple products through an architectural approach is working, and we are delivering innovation in...

Cisco CEO John Chambers Talks Cloud Computing

According to IDG Enterprises’ “CEO Interview Series,” “We think the ultimate intersection will be a confederation, where it is completely transparent to the end user, the CIO and up,” said Cisco CEO John Chambers.  “Completely transparent to the end user what combination of physical, virtual, public clouds and private clouds. That is perfect for us, because...

Cisco Reports 2nd Quarter Results

Cisco has announced its second quarter results for the period ended January 23, 2010. The firm reported second quarter net sales of $9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.32 per share, and non-GAAP net income of $2.3 billion or $0.40 per share. “Our outstanding Q2 results exceeded our expectations and we believe they provide a...

Cisco acquiring mobile infrastructure solutions leader Starrent Networks for $2.9 billion

Yesterday, it was announced that Cisco is to acquire Starent Networks, a leading supplier of IP-based mobile infrastructure solutions targeting mobile and converged carriers. Under the terms of the agreement, Cisco will pay $35 per share in cash in exchange for each share of Starent Networks and assume outstanding equity awards for an aggregate purchase price of approximately $2.9 billion. The acquisition...

Cisco buys out Tandberg for $3 billion

Today, Cisco announced that it has agreed to buy Norway-based video communications leader Tandberg for $3 billion. Under the terms of the agreement, Cisco will purchase all the outstanding shares of Tandberg for 153.5 Norwegian Kroner per share, for an aggregate purchase price of approximately $3 billion. This represents an 11 percent premium to the previous day closing price of Tandberg’s stock....

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