Light Reading

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
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.
Flash Poll
From The Founder
The New IP is actually bigger even than business. Like another hugely important tech that Light Reading is digging into right now, the New IP has the potential to change the world by fundamentally advancing what it is possible for people to achieve with communications.
LRTV Documentaries
The Three Cs of MWC15

3|2|15   |   2:33   |   (0) comments


My visit to this year's Mobile World Congress is going to dominated by three Cs – cloud, cells and coffee.
LRTV Huawei Video Resource Center
Huawei Shares Its Vision of the Future of Mobile Networks Innovations

2|26|15   |   2:30   |   (0) comments


Mobile broadband is changing our lives. It's reshaping the Internet, industry, and society. It allows us to freely connect with one another anytime, anywhere. At this year's Mobile World Congress, Huawei will share its latest insights and newest ideas and technologies that will shape the future of MBB. They will showcase their end-to-end MBB solutions that will ...
LRTV Huawei Video Resource Center
Accelerate Digitizing, Boost Digital Business

2|26|15   |   6:14   |   (0) comments


A new digital revolution is leading us to a better connected world. Together with millions of digital partners, Huawei will help CSPs to build their digital service ecosystem and aggregate a wide variety of digital services. In this video, we find out how Huawei is going to help CSPs implement digital operations.
LRTV Huawei Video Resource Center
The Secret Recipe to Enabling Hyper-Growth Industries

2|26|15   |   3:38   |   (0) comments


With a number of successful cases on network capability exposure, Huawei is going to share the secret recipe to enabling hyper-growth markets with a step-by-step approach.
LRTV Documentaries
BTE 2015 Is Bigger & Even Better

2|25|15   |   03:13   |   (4) comments


This year's Big Telecom Event (BTE) in Chicago is going to provide more opportunities than ever for networking, getting to grips with key industry challenges and opportunities and, equally as important, having some fun.
LRTV Interviews
Light Reading ICT Leaders Roundtable at MWC 2015

2|12|15   |   1:07   |   (2) comments


On Sunday March 1, 2015, Light Reading will host an ICT Leaders Roundtable in partnership with Huawei. At this half-day event, CIOs, analysts and researchers will discuss key industry trends like virtualization in the cloud with a specific focus on new business models. Located at the luxurious Renaissance Hotel near the Fira Barcelona, space is limited so please ...
LRTV Documentaries
Going Green in 2015

2|12|15   |   02:04   |   (0) comments


Energy efficiency is set to be an incredibly hot topic in the telecom industry this year.
LRTV Custom TV
SDN & NFV: Where Are We Going From Here?

2|11|15   |   11:27   |   (0) comments


Vitesse Semiconductor CTO Martin Nuss gives his perspective on why SDN and NFV should be tightly interconnected and how he sees the industry moving forward.
LRTV Documentaries
Time for Gigabit Europe?

2|9|15   |   01:27   |   (4) comments


Gigabit broadband networks are springing up all around the US and they'll soon become more commonplace in Europe.
LRTV Interviews
Brocade Brings New IP Vision to 2020 Vision Executive Summit

2|3|15   |   4:23   |   (0) comments


In December 2014, Light Reading gathered telecom executives in Reykjavik, Iceland to discuss their vision for high-capacity networks through the end of the decade. The intimate, interactive meeting was set against the backdrop of Iceland's spectacular natural beauty. As one of the event's founding sponsors, Brocade's Kelly Herrell shared his company's strategy at ...
LRTV Interviews
Brocade's Kelly Herrell on the New IP

2|2|15   |   12:36   |   (0) comments


In December 2014, Steve Saunders sat down with Brocade VP of Software Networking Kelly Herrell at Light Reading's 2020 Vision executive summit in Reykjavik, Iceland. They spoke about Brocade's approach to the New IP, the future of the telecom industry, and more.
LRTV Huawei Video Resource Center
Dr. Dong Sun Talks About Carriers' Digital Transformation & Huawei’s Telco OS

1|29|15   |   6:28   |   (0) comments


Dr. Dong Sun, Chief Architect of Digital Transformation Solutions at Huawei, discusses how telecom operators can become digital ecosystem enablers and deliver optimal user experiences that are in real-time, on-demand, all-online, DIY and social (ROADS).
Upcoming Live Events
March 17, 2015, The Cable Center, Denver, CO
April 14, 2015, The Westin Times Square, New York City, NY
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
June 10, 2015, Chicago, IL
All Upcoming Live Events
Infographics
Net neutrality, broadband services and the current outlook on data consumption, as presented by the New Jersey Institute of Technology.
Hot Topics
10 Weirdly Useful IoT Devices
Eryn Leavens, Copy Desk Editor, 2/24/2015
Small Cells Enabling Location Services
Sarah Thomas, Editorial Operations Director, 2/25/2015
MWC: Let the Madness Begin
Ray Le Maistre, Editor-in-chief, 2/23/2015
FCC Adopts Title II Rules
Alan Breznick, Cable/Video Practice Leader, 2/26/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Check out Light Reading's interview with Jay Samit, the newly appointed CEO of publicly traded SeaChange International Inc. With a resume that includes Sony, EMI, and Universal, Samit brings a reputation as an entrepreneur and a disruptor to his new role at the video solutions company. Hear what he had to say about the opportunities in video, as well as the outlook for cable, telco, OTT and mobile service providers.
G'day! And welcome to an entirely new feature on Light Reading -- our weekly "CEO-to-CEO" interview.