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Cisco Q3 revenues up 5.1%, net profit grows 11.7%
2015-05-14 08:31:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal third quarter to April of USD 12.1 billion, up 5.1 percent from a year earlier. The data centre segment showed the strongest growth, with revenues up 21 percent to USD 801 million. Wireless sales rose by 9 percent to USD 611 million, security was up 14 percent to USD 412 million, and collaboration products increased revenue 7 percent to USD 973 million. Cisco's main products, switches and routers grew revenue by respectively 6 and 4 percent in Q3. The company's gross margin reached 62.5 percent, down slightly from 62.7 a year ago. Net profit rose 11.7 percent year-on-year to USD 2.4 billion or 47 cents a share. Operating cash flow fell to USD 3.0 billion from USD 3.2 billion a year ago, and Cisco ended the quarter with total cash of USD 54.4 billion, up from USD 53.0 billion at the end of 2014. The company reported product orders up 2 percent year-on-year in the quarter, led by by 7 percent growth in the enterprise and public sector markets and a 6 percent increase in the commercial sector. The service provider remained weak, with orders down 2 percent from a year earlier. Cisco said the US enterprise and public sector orders were particularly strong, growing respectively 21 and 10 percent. Orders in the EMEA region grew just 2 percent, and the APJC region returned to growth, with a 1 percent increase.
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cisco
Russia's Rusal swings to net profit
2015-05-13 05:01:48| BBC News | Business | UK Edition
Russia's United Company Rusal, the world's biggest aluminium producer, swings to a net profit in the first quarter of this year after posting a loss a year ago.
Ooredoo net profit plummets, but customers increase
2015-05-13 02:00:00| Total Telecom industry news
Qatar-based telco posts strong customer growth in Indonesia, Myanmar; blames forex issues for weak bottom line.
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increase
customers
profit
Land OLakes, Inc. reports net earnings of $99.4 million
2015-05-12 16:02:53| National Hog Farmer
Land O’Lakes, Inc. announced first quarter financial results, reporting quarterly net sales of $3.8 billion and net earnings attributable to Land O’Lakes of $99.4 million for the period ending March 31, 2015. While results were down compared to 2014’s record first quarter, this year’s performance stands as one of the strongest first quarters for the company. read more
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FCC: Sorry, We're Not Delaying Net Neutrality Rules
2015-05-11 23:01:32| PC Magazine Software Product Guide
The agency denied joint requests from AT&T, USTelecom, CTIA, WISPA, and CenturyLink because their cases aren't strong enough.
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