& 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
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.
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.
Women in Comms Introduction Videos
Cisco: Mentoring Critical to Attract & Retain Women

7|19|17   |   6:40   |   (1) comment


Liz Centoni, senior vice president and general manager of Cisco's Computing System Product Group, shares why mentoring in all its forms is important for women and what Cisco is doing that's made a difference for women in tech.
LRTV Custom TV
Gigabit LTE With Snapdragon 835

7|12|17   |     |   (1) comment


At an event in Wembley stadium, EE used its live network to demonstrate gigabit LTE using a Sony Xperia XZ Premium smartphone with a Qualcomm Snapdragon 835 chip.
LRTV Custom TV
Implementing Machine Intelligence With Guavus

7|12|17   |     |   (0) comments


Guavus unites big data and machine intelligence, enabling many of the the largest service providers in the world to save money and drive measureable revenue. Learn how applying Machine Intelligence substantially reduces operational costs and in many cases can eliminate subscriber impact, meaning a better subscriber experience and higher NPS.
LRTV Custom TV
Unlocking Customer Experience Insights With Machine Intelligence

7|12|17   |     |   (0) comments


When used to analyze operational data and to drive operational decisions, machine intelligence reduces the number of tasks which require human intervention. Guavus invested in Machine Intelligence early. Learn about the difference between Machine Learning and Machine Intelligence.
Women in Comms Introduction Videos
Verizon VP Talks Network, Career Planning

7|12|17   |   4:49   |   (0) comments


Heidi Hemmer, vice president of Technology, Strategy & Planning at Verizon, shares how bold bets and the future of tech define her career.
Telecom Innovators Video Showcase
Masergy's NFV Journey

7|11|17   |     |   (0) comments


Ray Watson, vice president of global technology at Masergy, discusses the advantages and challenges in entering the still-maturing NFV market for the past three years.
Telecom Innovators Video Showcase
Mavenir on RCS Cloud Platform & Multi-ID

7|10|17   |     |   (0) comments


Guillaume Le Mener, head of marketing and corporate development at Mavenir, discussed RCS and the recent launch of Multi-ID, which supports T-Mobile's DIGITS, the revolutionary new technology that breaks down the limitation of one number per phone and one phone per number.
LRTV Custom TV
ADTRAN Executive Outlines Trends in Next-Generation 10-Gigabit Cable Networks

7|10|17   |     |   (0) comments


Hossam Salib, VP of Cable and Wireless Strategy at ADTRAN, outlines key trends as MSOs begin to deploy next-generation Gigabit and 10-Gigabit cable networks. In the interview, Hossam outlines the advantages of a Fiber Deep architecture, FTTH options including EPON and RFoG, and the importance of SDN and NFV in building next-generation high-bandwidth cable networks.
LRTV Interviews
Global Capacity: Bandwidth Demand Driving Ethernet Growth

7|6|17   |   6:37   |   (0) comments


At Light Reading's Big Communications Event in Austin, Texas, Global Capacity's VP of Marketing Mary Stanhope talks about how the demand for bandwidth is changing the way service providers deliver broadband services.
LRTV Interviews
Colt's Services Chief on Digital Delivery

7|5|17   |   16:12   |   (0) comments


Rogier Bronsgeest, the chief customer experience officer (chief CEO!) at Colt, discusses the way in which the service provider interacts with its customers these days and his aggressive net promoter score (NPS) targets.
Women in Comms Introduction Videos
BT VP: Women Should Fill Security Talent Gap

7|5|17   |   6:00   |   (2) comments


By 2020 there will be six security jobs for every qualified worker, and Kate Kuehn, vice president of Security for BT in the Americas, says BT wants to encourage women to fill the shortage in jobs.
LRTV Interviews
Colt Sales Exec on Services Trends

7|4|17   |   12:59   |   (0) comments


Colt's sales director for enterprise, James Kershaw, sheds some light on the services currently in demand and how network upgrades are influencing customer demand.
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 30, 2017, The Westin Times Square
All Upcoming Live Events
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
Mobile to Power Online Video Consumption – Zenith
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 7/19/2017
Can Mushroom Sprout in Crowded SD-WAN Field?
Carol Wilson, Editor-at-large, 7/18/2017
AI Will Be Ubiquitous in 2020 but Overhyped in 2017 – Gartner
Sarah Thomas, Director, Women in Comms, 7/18/2017
Facing the Facebook Video Threat
Gary Miles, Chief Marketing Officer, Amdocs, 7/17/2017
Brocade, Broadcom Merger in Doubt
Iain Morris, News Editor, 7/19/2017
Like Us on Facebook
Twitter Feed
BETWEEN THE CEOs - Executive Interviews
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.
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 ...
Animals with Phones
Fuzzy Quick Fix Click Here
If you can't access it, is it really broken?
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.