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Cisco to Add 1,700 Jobs in Ontario Amid Manufacturing Decline
2013-12-13 21:30:18| Food - Topix.net
While BlackBerry's future looks bleak, Waterloo's future is looking good. As fast as BlackBerry has been shedding workers, tech start ups in Waterloo have been snapping them up.
Tags: add
jobs
manufacturing
ontario
Cisco cuts long-term revenue forecast
2013-12-13 14:56:06| InfoWorld: Top News
Cisco Systems forecast slower long-term revenue growth Thursday, citing conservative spending by its customers and uncertainty about the economy in some parts of the world. The company predicted overall revenue growth between 3 and 6 percent, stepping back from a long-term forecast of 5 to 7 percent that it made in 2011. The new forecast is for a compound annual growth rate over the next three to five years, according to slides from a presentation by Executive Vice President and Chief Financial Officer Frank Calderone at Cisco's annual financial analyst conference.
Tags: revenue
cuts
forecast
cisco
Cisco lowers revenue growth outlook
2013-12-13 08:52:00| Telecompaper Headlines
(Telecompaper) Cisco Systems has reduced its mid-term growth forecast to 3-6 percent revenue growth per year, from 5-7 percent previously. The new outlook was given by CFO Frank Calderoni at an investors conference in . The reduced forecast is due to the weaker economic climate, conservative customer budgets and constraints at service providers. At the same time, Cisco continues to see growth in products for the data centre, cloud, mobility and security segments. Growth in these areas will offset expected flat revenues over the next 3-5 years at its core business. In compensation for the weaker revenues, Cisco aims to reduce operating costs as a percentage of sales, to the low 30s from 34 percent last year and 35 percent the previous year. The adjusted operating margin is expected to remain in the high 20s, after a figure of 28 percent the past two years. The company also remains committed to growing cash flow in order to continue its share repurchases. For the current quarter to January, Cisco forecasts revenues down 8-10 percent year-on-year, hurt by the slowdown in emerging markets, product transitions and constricted spending at operators. Over the full year, adjusted EPS is expected little changed, at USD 1.95-2.05 versus USD 2.02 last year.
Tags: growth
revenue
outlook
cisco
Cisco cuts growth outlook
2013-12-13 01:00:00| Total Telecom industry news
Equipment maker predicts 3%-6% revenue growth over next three to five years.
Tags: growth
outlook
cuts
cisco
Analysis: Some Cisco investors urge an exit from set-top box unit
2013-12-11 17:36:24| Apparel - Topix.net
Cisco Systems Inc Chief Executive John Chambers is facing growing pressure from investors to exit its television set-top box business, where revenue has been plummeting and profit margins trail the rest of the company.
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