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U.S. Stocks Fluctuate as Cisco Shares Offset Declines in Energy
2015-08-14 15:30:15| Auto Parts - Topix.net
U.S. stocks fluctuated, a day after equities climbed back from a selloff as concerns over China's economy faded and gains in Cisco Systems Inc. offset declines in energy shares. Cisco Systems rose 3.9 percent as quarterly revenue beat estimates.
Tags: energy
shares
offset
stocks
Cisco quarterly revenue up 4% to record USD 12.8 bln
2015-08-13 08:42:00| Telecompaper Headlines
(Telecompaper) Cisco reported record revenues for its fiscal fourth quarter to July of USD 12.8 billion, up 3.9 percent from the same period last year. Sales in the Americas increased 7 percent, while the both EMEA and APJC regions were flat. Product revenue growth was led by Collaboration and Data Center, growing at 14 percent each, while the main products Switching and NGN Routing grew by 2 percent and 3 percent, respectively. Cisco reported a gross margin of 60.2 percent, while operating costs were up 3 percent year-on-year. Compared to fiscal Q3, the company added 900 employees, mainly for investments in key growth areas such as security, cloud and software. Adjusted operating profit was still up 9 percent year-on-year to USD 3.8 billion, and net profit rose 3.2 percent to USD 2.3 billion. Adjusted EPS was up 7.3 percent to USD 0.59. Cisco generated USD 4.1 billion of operating cash flow in the quarter, up from USD 3.6 billion a year ago, and finished the fiscal year with total cash of USD 60.4 billion. Cisco's new CEO Chuck Robbins also noted the solid rise in deferred revenue, up 7 percent to USD 15.2 billion at year-end. "I'm particularly pleased with the strong growth of deferred revenue which shows we are very effectively driving our business to a more predictable software-based business model, at the same time as growing revenues and earnings." The company's product backlog was worth USD 5.1 billion at the end of fiscal 2015, down from USD 5.4 billion a year earlier. For fiscal Q1, Cisco forecast revenue growth of 2-4 percent, an adjusted gross margin of 61-62 percent and adjusted EPS of USD 0.55-0.57. Over the full year, the company also expects around USD 700 million in charges for its restructuring announced in August.
Tags: record
usd
revenue
quarterly
Cisco working on royalty-free alternative to H.265
2015-08-11 20:00:50| Digital TV News
Cisco has announced that owing to the high cost of patent licensing for the H.265 codec it has been working on a project to develop a replacement video codec, codenamed Thor. The company is attempting to avoid or work around the many patents that exist in the field of video codec design.
Tags: working
alternative
cisco
royaltyfree
Rockwell Automation and Cisco Training Tackles Industrial IoT Talent Needs
2015-07-31 12:31:09| Industrial Newsroom - All News for Today
MILWAUKEE The expansion of the Industrial Internet of Things (IoT) and convergence of operations technology (OT) and information technology (IT) systems into The Connected Enterprise raises questions of who within industrial organizations should design and oversee unified network infrastructures. Rockwell...
Tags: needs
training
industrial
talent
Oberon Inc. Compatibility Statement for Cisco Aironet 1850 Series
2015-07-28 12:31:10| Industrial Newsroom - All News for Today
A wide variety of secure, convenient, aesthetic mounting solutions are available for use with Cisco's recently announced wireless access points. State College, PA Oberon, Inc., a leading designer and manufacturer of secure wireless and zone enclosures, has released a statement regarding compatibility of...
Tags: statement
series
compatibility
cisco
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