Cisco plans more job cuts as quarterly sales flat

Thursday 14 August 2014 | 08:44 CET | News
Cisco reported revenue of USD 12.4 billion for its fiscal fourth quarter to July, down 0.5 percent from a year earlier. The gross margin rose to 59.9 percent from 59.2 percent a year ago, while the operating margin fell to 21.7 percent from 22.7. Net profit dropped 1.0 percent over the same period to USD 2.2 billion. Cisco said the operating environment remained "tough" but the company's book-to-bill ratio was "comfortably over 1" in the quarter. Cisco spent in total USD 13.3 billion in the past fiscal year on share repurchases and dividends and finished the year with total cash of USD 52.1

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Cisco
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Cisco to lay off up to 14,000 employees - report

Published 17 Aug 2016 08:34 CET | World
Cisco Systems is laying off up to 14,000 employees, representing nearly 20 percent of the company's global workforce, multiple ...

Cisco kondigt 6.000 ontslagen aan bij stabiele kwartaalomzet

Published 14 Aug 2014 09:16 CET | World
Cisco heeft in het fiscale vierde kwartaal een omzet van 12,4 miljard dollar behaald, 0,5 procent minder dan een jaar eerder. De ...

Cisco improves data centre SAN portfolio

Published 01 Aug 2014 09:58 CET | World
Cisco announced new storage area networking (SAN) additions for its Data Center portfolio. The new Cisco MDS 9148S Multilayer ...

Cisco launches new DevNet developer programme

Published 22 Jul 2014 13:51 CET | World
Cisco has launched DevNet, its new developer programme. DevNet will enable an open community of software developers, including ...

Cisco, Microsoft sign 3-year data centre sales deal

Published 16 Jul 2014 08:57 CET | World
Cisco and Microsoft have signed a three-year agreement to further integrate their data centre portfolios in a bid to encourage ...

Cisco buys collaboration specialist Assemblage

Published 30 Jun 2014 10:49 CET | World
Cisco has acquired the collaboration specialist Assemblage for an undisclosed amount. Assemblage develops tools to enable ...

Cisco to acquire Tail-f Systems for USD 175 mln

Published 17 Jun 2014 15:54 CET | World
Cisco announced an agreement to acquire Tail-f Systems, a developer of network service orchestration products for traditional and ...

Cisco launches small cell partner programme

Published 10 Jun 2014 16:35 CET | World
Cisco has announced the launch of Cisco Small Cell Enterprise Select, a programme that will enable mobile network operators to ...

Cisco loses enterprise collaboration lead to Microsoft in Q1

Published 04 Jun 2014 08:59 CET | World
Microsoft has overcome Cisco's lead in enterprise collaboration infrastructure sales in the first quarter of 2014, according to ...

Cisco chief futurist leaves to head start-up

Published 23 May 2014 09:44 CET | World
Cisco Systems chief futurist Dave Evans has left the company to lead a new start-up. Evans, a 24-year veteran of Cisco, said on ...

Cisco expands malware protection, data centre products 

Published 22 May 2014 10:38 CET | World
Cisco has broadened its Advanced Malware Protection and data centre security offerings. These innovations, spanning the Cisco ...

Cisco to acquire ThreatGRID

Published 22 May 2014 09:50 CET | World
Cisco has announced its intention to ThreatGRID, an on-premise and cloud security specialist headquartered in New York City. The ...

Cisco names new cloud executives

Published 21 May 2014 09:11 CET | World
Cisco announced the appointment of executives responsible for driving the company's cloud strategy. Nick Earle will lead the ...

Cisco presents new personal collaboration tools

Published 20 May 2014 09:18 CET | World
Cisco presented three personal collaboration tools during its CiscoLive! 2014 event. Two of the tools sit on the physical desktop ...

Cisco warns Obama over NSA impact on technology sector

Published 19 May 2014 09:12 CET | World
Cisco has written to US President Barack Obama warning of a collapse of trust in US technology after evidence emerged showing the ...

Cisco to cut 4,000 jobs as sales growth slows

Published 15 Aug 2013 08:30 CET | World
Cisco's fourth-quarter revenues increased 6.2 percent year-over-year to USD 12.4 billion. Switching revenue rose 5 percent to USD ...

Cisco to cut 1,300 jobs

Published 24 Jul 2012 09:08 CET | World
Cisco Systems is cutting about 1,300 jobs, or 2 percent of its workforce. The cuts are part of a "continuous process of ...