November 5, 2009 |
Cisco Systems Inc. Chief Executive John Chambers said the company's latest quarterly numbers reinforce his observation that recession-dampened orders are improving after passing a "tipping point" this summer. First-quarter net income fell 19% to $1.8 billion, or 36 cents a share. That topped analysts' expectation for 31 cents. Sales dropped 13% to $9 billion but also beat forecasts. Cisco stock climbed 66 cents, or 2.8%, to $23.95 in extended trading Wednesday after the results were reported.
August 6, 2009 |
Cisco Systems Inc. said earnings fell 46% in its latest quarter, but the profit beat Wall Street expectations, and the company said the quarter may have been the bottom of the recession-related downturn. "We saw a number of positive signs this quarter in the economy and in our business," Chief Executive John Chambers said in a statement. He added that if order trends keep improving, there's a good chance the latest quarter was a "tipping point." He said he expects a slight increase in revenue in the current quarter compared with the just-ended one. As the world's largest maker of computer networking gear, Cisco has seen sales hit hard as clients delayed investments and capital improvements.
May 7, 2009 |
Cisco Systems Inc. said earnings fell 21% in its latest quarter, but the profit comfortably beat Wall Street expectations amid signs that the market is stabilizing. Chief Executive John Chambers said that customers were "finally seeing something reasonably solid underneath their feet," and that the company itself had seen order rates possibly bottom out. The world's largest maker of computer networking gear posted a profit of $1.3 billion, or 23 cents a share, for the fiscal third quarter that ended April 25. That was down from $1.8 billion, or 29 cents, in the same quarter last year.
November 6, 2008 |
Cisco Systems Inc., the world's largest maker of computer networking gear, warned that orders fell off abruptly in October and projected a large fall in sales in the current quarter. Its shares slid in after-hours trading. In a conference call with investors after Cisco reported flat earnings for the previous quarter, Chief Executive John Chambers said he expected revenue to fall 5% to 10% in the current quarter, which began Oct. 26. That would mean revenue of $8.85 billion to $9.34 billion, far below the $10.4 billion expected by analysts polled by Thomson Reuters.
August 6, 2008 |
Cisco Systems Inc. reported a 4% increase in quarterly profit Tuesday, beating analysts' expectations by a penny a share, but signaled that the weak economy would affect results in the next few quarters. The world's largest maker of computer networking gear said it earned $2.01 billion, or 33 cents a share, in the three months that ended July 25, its fiscal fourth quarter. Cisco earned $1.93 billion, or 31 cents, in the same period last year. Sales rose 10% to $10.4 billion. Excluding one-time items, earnings were 40 cents a share.
September 9, 2005
* Fluor Corp. of Aliso Viejo will build temporary housing for hurricane evacuees in Louisiana under a contract with the Federal Emergency Management Agency worth as much as $100 million, the company said. * Babcock & Brown Power Operating Partners, a unit of Australia's second-largest investment bank, won preliminary California approval for a $300-million transmission line to deliver power to San Francisco. * Intel Corp.