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

2016-08-18 08:23:00| Telecompaper Headlines

(Telecompaper) Cisco reported revenues for its fiscal fourth quarter to July down 2 percent year-on-year to USD 12.6 billion. Excluding the sale of its set-top box business, revenue was up 2 percent from a year ago. Net profit jumped 21 percent to USD 2.8 billion, and EPS increased 24 percent to USD 0.56. Cisco also confirmed that it plans another round of restructuring in order to lower its cost base and reinvest the savings in priority areas such as security, IoT, collaboration, data centre and cloud. The restructuring will eliminate up to 5,500 positions, or around 7 percent of its global workforce.

Tags: sales job fall plans

 

Treasury Confirms Agricultural Spending Will Remain Till 2020

2016-08-16 02:00:00| ThePigSite - Industry News

UK - The UK Treasury has announced that agricultural spending will continue though to 2020.

Tags: till remain spending agricultural

 
 

Nintendo confirms upcoming classic NES will have special display modes, instant saves

2016-08-09 13:30:35| Extremetech

Nintendo's upcoming Classic Mini console will pack multiple game modes and output options to fine-tune your nostalgia gaming sessions.

Tags: special display classic instant

 

Sateri Confirms Plan to Add 1M Tons of VSF

2016-08-08 19:00:00| Nonwovens Industry Breaking News

Capacity will come onstream between 2016-2020, will target textiles, spunlace nonwovens

Tags: add plan tons confirms

 

Virgin Mobile confirms licence allocation in Argentina

2016-08-05 02:00:00| Total Telecom industry news

Telco is awarded national single licence in Argentina, but plans to launch services as an MVNO.

Tags: mobile argentina virgin licence

 

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