0
Broadband

Cisco sees revenue growth slowing

Friday 13 November 2015 | 08:32 CET | News
Cisco reported revenues for its fiscal first quarter to October up 3.6 percent year-on-year to USD 12.7 billion, in line with its outlook for 2-4 percent growth. Net profit rose 32.9 percent to USD 2.4 billion, and adjusted EPS was up 9.3 percent to USD 0.59, better than the company's forecast. Cisco CEO Chuck Robbins said the company saw lower-than-expected order growth in Q1, hurt by the uncertain macro-economic environment and currency fluctuations. As a result, revenue in fiscal Q2 is expected flat to 2 percent higher, and adjusted EPS is forecast at USD 0.53-0.55. 

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.

Subscriptions

Already registered?



Categories: Fixed
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.


Related

Cisco confirms plans for 5,500 job cuts, Q4 sales fall 2%

Published 18 Aug 2016 08:23 CET | World
Cisco reported revenues for its fiscal fourth quarter to July down 2 percent year-on-year to USD 12.6 billion. Excluding the sale ...

Cisco grows revenues 3% in April quarter, net profit lower

Published 19 May 2016 08:09 CET | World
Cisco reported revenues of USD 12 billion for its fiscal third quarter to April, up 3 percent from a year ago after excluding the ...

Cisco consolidates collaboration market lead in Q4

Published 08 Mar 2016 16:15 CET | World
Cisco consolidated its leading position in enterprise collaboration sales in the final quarter of 2015, widening the gap with its ...

Technicolor raises Drive 2020 objectives

Published 19 Feb 2016 15:46 CET | World
Technicolor has raised its Drive 2020 objectives, with adjusted EBITDA for 2020 now projected at EUR 750 million instead of 500 ...

Cisco raises dividend 24% after strong Q2

Published 11 Feb 2016 08:14 CET | World
Cisco reported revenue for its fiscal second quarter to 23 January up 2 percent year-on-year to USD 11.8 billion. The results ...

Cisco ziet omzetgroei vertragen

Published 13 Nov 2015 08:40 CET | World
Cisco heeft over het eerste kwartaal van zijn fiscale jaar 2016, eindigend 24 oktober, een omzet gerealiseerd van 12,7 miljard ...

Ericsson, Cisco sign up for major new partnership

Published 09 Nov 2015 08:32 CET | World
Ericsson has announced a next-generation strategic partnership with Cisco to create the networks of the future. The companies ...

Cisco plans China joint venture with Inspur

Published 24 Sep 2015 08:55 CET | China
Cisco and Chinese cloud computing and data centre company Inspur have agreed to set up a joint venture in China that will sell ...

Cisco quarterly revenue up 4% to record USD 12.8 bln

Published 13 Aug 2015 08:42 CET | World
Cisco reported record revenues for its fiscal fourth quarter to July of USD 12.8 billion, up 3.9 percent from the same period ...

Cisco to sell set-top box business to Technicolor

Published 23 Jul 2015 09:07 CET | World
Cisco is exiting the set-top box market and selling its activities to Technicolor for EUR 550 million. Cisco will receive EUR 413 ...

Cisco to invest USD 10 bln in China in coming years

Published 17 Jun 2015 09:06 CET | China
Cisco and its Chinese partners have launches a series of initiatives for the Chinese market. These initiatives seek to support ...





Calendar   /   Industry Events

26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct Android Dev Summit
28 Oct Millicom Q3 2021
28 Oct CyrusOne Q3
28 Oct Telefonica Brasil Q3
28 Oct Rovio Q3 2021
28 Oct MTN Nigeria Q3 2021
28 Oct STMicroelectronics Q3
28 Oct Comcast Q3
28 Oct Nokia Q3 2021
28 Oct Telenor Q3 2021
28 Oct Swisscom Q3 2021
28 Oct American Tower Corporation Q3
28 Oct Poly fiscal Q2
28 Oct HKBN FY results
28 Oct Amazon Q3
28 Oct Samsung Electronics Q3 2021
28 Oct CoreSite Q3 2021
28 Oct Airtel Africa Q3 2021
28 Oct Veon Q3 2021
28 Oct Apple fiscal Q3
28 Oct Telenet Q3 2021
28 Oct Cellnex Q3 2021
28 Oct Berec stakeholders forum
28 Oct Facebook Connect
29 Oct Proximus Q3 2021
29 Oct Tecnotree Q3 results
29 Oct Charter Communications Q3
29 Oct Shaw Communications fiscal Q3
29 Oct NEC fiscal Q2
29 Oct Shentel Q3 2021
29 Oct Hrvatski Telekom Q3 2021
::: More Calendar Items