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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...
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...
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,...
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...
Cisco CEO John Chambers Talks Cloud Computing
According to IDG Enterprises’ “CEO Interview Series,” “We think the ultimate intersection will be a confederation, where itInformation Technology 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,...
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...
Cisco acquiring mobile infrastructure solutions leader Starrent Networks for $2.9 billion
Yesterday, itInformation Technology 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...
Cisco buys out Tandberg for $3 billion
Today, Cisco announced that itInformation Technology 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...






