Cisco Announces Financial Release Info

Cisco (NASDAQ: CSCO) scheduled a conference call for Wednesday, May 11 at 1:30 p.m. PDT to announce the firm’s third quarter fiscal year 2011 financial results for the quarter ending April 30.  

Cisco Caps newScale Acquisition

Cisco (NASDAQ: CSCO) has finalized its sale of newScale Inc., a service catalog and self-service portal software for IT organizations looking for a quick shift to a cloud platform. services within their businesses. According to the firm, “Cisco’s cloud strategy is to harness the network as a platform for building and using clouds and cloud services. newScale complements and expands existing...

Cisco to Boost Cloud Offering with newScale, Inc. Purchase

Cisco (NASDAQ: CSCO) reports that it intends to purchase newScale Inc., a firm focused on “software that delivers a service catalog and self-service portal for IT organizations to select and quickly deploy cloud services within their businesses.” The privately-held, California-based newScale helps customers “initiate the provisioning of their own systems and infrastructure on an as-needed...

Cisco Makes Financial History

The board of directors at Cisco (NASDAQ: CSCO) voted in favor of the initiation of quarterly cash dividends to shareholders, a first in the history of the firm. The first quarterly dividend is listed at 6 cents per common share to be paid on April 20, 2011, to all shareholders of record on March 31, 2011. “As the role of the network expands across the IT sector, Cisco’s leadership position...

CSC Honored by Cisco for Partnership Efforts, Successes

CSC (NYSE: CSC) has been honored by Cisco, (NASDAQ: CSCO) winning the firm’s awards for Solution Innovation Partner of the Year and the Cisco Capital Partner of the Year for the Multinational/Global region. “We’re honored to receive this acknowledgement from Cisco, one of the true innovators in high-tech with one of the largest partner ecosystems in the industry,”...

Cisco Wraps Up $95 Million Inlet Technologies Acquisition

Cisco (NASDAQ: CSCO) has finalized its acquisition of privately-held Inlet Technologies for $95 million. The Raleigh, N.C.-based firm focuses on Adaptive Bit Rate digital media processing platforms and will provide a boost to Cisco’s Videoscape TV platform offering. According to Cisco, “Inlet brings to the firm a strong team that understands the complexities of delivering ABR video over...

Cisco Prices $4 Billion of Senior Secured Notes

Cisco Systems (NASDAQ: CSCO) released the following financial announcement: The firm “priced three series of senior unsecured notes for an aggregate principal amount of $4 billion. The offering is expected to close on March 16, 2011. “Of these notes, $2 billion will mature in March 2014 and will bear interest at an annual rate of 1.625 percent, $1.25 billion will mature in March 2014 and...

Cisco Closes Pari Networks Acquisition

Cisco (NASDAQ: CSCO) completed its acquisition of Pari Networks, a private firm focused on network configuration and change management. The Calif.-based firm will become part of Cisco’s Technical Services. According to Cisco, “Pari Networks brings to the firm an industry-leading team of engineers that will continue to build out and strengthen Cisco’s smart service capabilities. Cisco...

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...

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