& cplSiteName &

Cisco Halts Revenue Decline – Barely

Mitch Wagner
8/13/2014
50%
50%

Cisco reversed a three-quarter revenue slump in the fourth quarter, delivering $12.4 billion revenue, same as the year-ago quarter. Revenue for 2014 was $47.1 billion, down 3%.

Net GAAP income for the fourth quarter was $2.2 billion, or $0.43 per share. Non-GAAP net income was $2.8 billion, or $0.55 per share.

"We are executing well in a tough environment and delivered our best non-GAAP earnings per share quarter in our history. I'm pleased with how we are transforming our company over the past several years and that journey continues," John Chambers, Cisco Systems Inc. (Nasdaq: CSCO) chairman and CEO, said in a statement.

He added: "We are focused on growth, innovation and talent, especially in the areas of security, data center, software, cloud and Internet of everything. Our strategy is sound, our financials are strong, and our market leadership is secure. We have the team in place to deliver and are uniquely positioned to help our customers solve their biggest business problems."


Find out more about key developments related to the systems and technologies deployed in data centers on Light Reading's data center infrastructure channel.


Financial analysts expected Cisco's revenues would decline again, projecting revenues of $12.14 billion, down 2.2% from last year's $12.42 billion. (See Cisco Earnings: What to Watch For.)

We'll have more after Cisco's earnings call, which has just begun.

— Mitch Wagner, Circle me on Google+Follow me on TwitterVisit my LinkedIn profileFollow me on Facebook, West Coast Bureau Chief, Light Reading. Got a tip about SDN or NFV? Send it to wagner@lightreading.com.

(8)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
nasimson
50%
50%
nasimson,
User Rank: Light Sabre
8/15/2014 | 10:18:16 PM
Re: How Long Can Cisco Delay Decline?
@Raymond: It's not about the consumer market. I am referring to mid market.
raymond.yu
50%
50%
raymond.yu,
User Rank: Light Beer
8/15/2014 | 2:05:07 AM
Re: How Long Can Cisco Delay Decline?
Do you know Cisco has already exited the comsumer networking market by selling Linksys?
nasimson
50%
50%
nasimson,
User Rank: Light Sabre
8/15/2014 | 12:28:41 AM
Re: How Long Can Cisco Delay Decline?
D-Link for one. They are networking equipment supplier in many of the Asian countries. They now lead the market in some product categories. More at: en.m.wikipedia.org/wiki/D-Link
DHagar
50%
50%
DHagar,
User Rank: Light Sabre
8/14/2014 | 8:36:17 PM
Re: How Long Can Cisco Delay Decline?
@nasimson, your scenario suggests a "strategic" focus for them in shifting to services and targeted growth markets.  They will have to develop that capability, it won't just evolve, and they will have to strategically focus.  Note:  I agree with you that the IoT might be a good channel for them.
jabailo
50%
50%
jabailo,
User Rank: Light Sabre
8/14/2014 | 3:20:43 PM
Re: How Long Can Cisco Delay Decline?
Through SDN?

For that it would have to become the best software company, since it theorectically doesn't require specialized hardware.

And with the emergence of Clouds, such as Amazon's Io9 and Microsoft's Azure and Google...those companies will have enormous pressure to both to build in-house and also to put the price squeeze even on the vendors they choose!

 
raymond.yu
50%
50%
raymond.yu,
User Rank: Light Beer
8/14/2014 | 4:26:21 AM
Re: How Long Can Cisco Delay Decline?
can you tell us which taiwanese companies are beating cisco?
nasimson
50%
50%
nasimson,
User Rank: Light Sabre
8/13/2014 | 11:26:29 PM
Re: How Long Can Cisco Delay Decline?
How can Cisco reverse its revenue decline? I think it can be through SDN, IOT and more focus on developing world. Chinese and Taiwanese companies are beating Cisco big time in these territories.
smkinoshita
50%
50%
smkinoshita,
User Rank: Light Sabre
8/13/2014 | 10:44:41 PM
How Long Can Cisco Delay Decline?
From the sounds of the press release, I really have to wonder how long Cisco can delay revenue declines.  It's hard to get much confident from such a generic statement; that could be almost any company right now.
From The Founder
Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Interviews
EdgeConneX on Industry Headwinds & Tailwinds

5|26|17   |   2:41   |   (0) comments


At Light Reading's Big Communications Event 2017, EdgeConneX CTO Don MacNeil discussed the value of partnerships in the digital world.
LRTV Interviews
BT's McRae Sheds Light on 4K Strategy

5|25|17   |   4:45   |   (0) comments


At Light Reading's Big Communications Event 2017 in Austin, Texas, BT Group's Chief Network Architect Neil McRae talks about what it took for BT to broadcast live sports in 4K. Catch up with all our BCE coverage at http://www.lightreading.com/bce.asp.
From the Founder
How the NIA Aims to Advance NFV

5|25|17   |   08:07   |   (0) comments


Following a recent board meeting, the New IP Agency (NIA) has a new strategy to help accelerate the adoption of NFV capabilities, explains the Agency's Founder and Secretary, Steve Saunders.
LRTV Custom TV
Better Solutions That Address Growing Scale

5|25|17   |     |   (0) comments


For Comcast, the X1 rollout and 17-fold increases in broadband speeds in the past 16 years are among factors driving the need for Energy 2020 solutions that reduce cost and consumption, says Mark Hess.
LRTV Custom TV
Ethernity Network Delivers Instant Offloading of Network Functions With All-Programmable Intelligent NIC

5|25|17   |     |   (0) comments


David Levi, CEO of Ethernity Networks, explains that programmability of the hardware makes the company's All-Programmable Intelligent NIC uniquely beneficial for communications service providers that need advanced data appliances with agile support of virtualization. Utilizing the company's patented network processing technology, Ethernity offers data path ...
LRTV Documentaries
BCE 2017: Vodafone Gets Obsessed With Cloud-Native

5|25|17   |     |   (0) comments


Vodafone's Matt Beal updates us on Project Ocean and explains why simple virtualization isn't enough of a goal for network transformation. Catch up with other BCE 2017 keynotes and news at http://www.lightreading.com/bce.asp.
LRTV Documentaries
BCE 2017: Intel's Take on Network Transformation

5|24|17   |     |   (0) comments


In this BCE 2017 keynote, Lynn Comp discusses Intel's vision for areas such as analytics, automation and service assurance. For more videos and BCE coverage, see http://www.lightreading.com/bce.asp.
LRTV Documentaries
Order From Chaos: The Steve Saunders BCE Keynote

5|24|17   |   17:27   |   (0) comments


Kicking off BCE 2017, Light Reading founder Steve Saunders lays blame for NFV's slow ramp-up and urges telecom to return to old-fashioned standards building and interoperability testing.
Think of this as the video sequel to the recent columns he's written about NFV and the prospect of a telecom app store. (See

LRTV Documentaries
Service Provider Panel: Partnering in the Digital Era

5|22|17   |     |   (0) comments


Coopetition has always been part of telecom, but the ecosphere now includes data centers, vendors, apps developers, cloud service providers and Internet content providers. This BCE 2017 panel explores the new attitudes among network operators as to the value and variety of ...
LRTV Interviews
Site Demo: AT&T's IoT Flow Platform

5|19|17   |   04:25   |   (0) comments


At AT&T's R&D center in Tel Aviv, Israel, project leader Eyal Segev talks about the operator's Flow platform and how it helps to prototype IoT applications.
LRTV Documentaries
Agent of Change: A Q&A With AT&T's John Donovan

5|18|17   |     |   (0) comments


Carol Wilson talks with the man leading AT&T's transformation efforts about the challenge of change.
LRTV Documentaries
BCE Service Provider Panel: The New Business Realities

5|18|17   |     |   (0) comments


For virtualization to happen, the telecom industry first has to grapple with key functional aspects of SDN and NFV that need to be universal, such as onboarding of virtualized network functions and federation of software-defined networks.
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Cities Clamor for More Clout at FCC
Mari Silbey, Senior Editor, Cable/Video, 5/23/2017
What's Blocking 4K TV Today
Alan Breznick, Cable/Video Practice Leader, Light Reading, 5/22/2017
Sonus & Genband Finally Combine to Form $745M Company
Dan Jones, Mobile Editor, 5/23/2017
Fright Wigs & Cocktails: BCE 2017 in Pics
Mitch Wagner, Editor, Enterprise Cloud, 5/19/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
TEOCO Founder and CEO Atul Jain talks to Light Reading Founder and CEO Steve Saunders about the challenges around cost control and service monetization in the mobile and IoT sectors.
Animals with Phones
What Brogrammers Look Like to the Rest of Us Click Here
Live Digital Audio

Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.