CSCO Cisco sees slump despite profit turnaround

cisco earningsThe world’s largest network equipment manufacturer Cisco expects again recently despite a sharp profit slump with one end of the descent. The chances for a turnaround would be good, said CEO John Chambers on Wednesday after U.S. stock market closing.

In late July completed fourth fiscal quarter profit fell again by 46 percent to nearly 1.1 billion U.S. dollars (764 million euros) from. Analysts, however, had an even more violent burglary feared.

Turnover fell to the previous year by 18 percent to 8.5 billion U.S. Dollar and thus as strong as expected by experts. For the current quarter Chambers again with a fall, but he should at minus 15 to 17 percent somewhat weaker.

“In the past quarter we have a number of positive signals from the economy and our own transactions seen,” said Chambers. The US-based Cisco makes routers and switches for the data traffic, and applies not only in the technology industry as an important barometer of public opinion. Even the set-top boxes specialist ScientificAtlanta belongs to the group. Cisco had last increased on networked entertainment focused.

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)

Tags: , , , , , , , , , , , , , , , , , , ,

Ezine Article Board


This author has published 5774 articles so far.

Comments are closed