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February 13, 2013
17:46 EDTCSCOCisco CEO: Tone among business and political leaders is 'cautious optimism'
On Cisco's (CSCO) Q2 earnings conference call, CEO John Chambers noted that in his recent conversations with global business and government leaders, the tone was "cautious optimism." Chambers did not, however, expect that optimism to translate into immediate GDP growth. He said the company's gross margins continue to be very stable, operating margins are strong, and expenses are growing in line with revenue growth. The global recovery in Europe continues to be soft, especially in the southern regions. On a positive note, Chambers said Enterprise and U.S. commercial orders continue to improve, which he thinks is an early indicator of future GDP growth. CFO Frank A. Calderoni said the company continued to see strong growth across all geographic regions, with the U.S. federal business continuing to be the most challenging in terms of market. Some stabilization was seen in Europe, but it was still too early to call it a recovery. Wireless continues to be one of the company's fastest growing businesses, with revenue growth of 27%, the fifth consecutive quarter of record revenue. Overall, management said it was confident with the financial model, believes Cisco is in a position of strength, and remains focused on execution.
News For CSCO From The Last 14 Days
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July 31, 2015
08:06 EDTCSCOCisco should report strong July quarter results, says Oppenheimer
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July 29, 2015
10:36 EDTCSCOLockheed Martin launches healthcare technology alliance
Lockheed Martin (LMT) announced the formation of a new healthcare technology alliance, combining the expertise of health IT providers, medical technology companies, and academic institutions to advance public health. The Lockheed Martin Healthcare Technology Alliance's founding members include: Cisco (CSCO), Cloudera, Illumina (ILMN), Intel (INTC) and Montgomery College. The members of the Lockheed Martin Healthcare Technology Alliance will collaborate on technology solutions that help improve care in rapidly evolving and growing areas of health technology such as those that: secure patient medical information; leverage advances in genomic research; and apply big data solutions to improve public health.
July 27, 2015
11:18 EDTCSCOCisco's new CEO names Biri Singh as CTO, Kevin Brandy as CDO
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July 26, 2015
15:07 EDTCSCOCisco CEO to add 'key external hires' to management team, Barron's says
Cisco CEO Chuck Robbins told Barron's in an interview that "I think itís fair to say I bring the ability to move faster [than predecessor John Chambers] just in how I structure the teams and how I will interact with them," adding that he plans "some key external hires," potentially in cloud computing and security. The publication notes that shares of Cisco could jump "sharply higher" if investors start looking at Cisco's potential strength in the Internet-of-Things space. Reference Link
14:44 EDTCSCOAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
06:17 EDTCSCOCisco new CEO says to exit Q4 with headcount up
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July 23, 2015
06:15 EDTCSCOTechnicolor to acquire Cisco's connected devices unit for EUR550M
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July 21, 2015
14:24 EDTCSCOEarnings Watch: EMC reports amid M&A speculation in sector
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