Light Reading
But revenue for 2014 was $47.1 billion, down 3%.

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
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Documentaries
EE: The Road to 5G

12|16|14   |   16:02   |   (1) comment


Andy Sutton, the principal network architect at UK mobile operator EE, explains how his company is using Wembley stadium as a wireless test bed and how that's helping EE to plan the evolution to 5G.
LRTV Huawei Video Resource Center
Highlights of Huawei's NFV Open Cloud Forum 2014

12|16|14   |     |   (0) comments


Huawei hosted its inaugural NFV Open Cloud Forum during the SDN & OpenFlow World Congress 2014 in Düsseldorf, Germany. The Forum brought together technology thought leaders, senior executives and telecom professionals from global carriers, industry associations, as well as other partner companies in the ecosystem, to exchange views on and collectively explore how ...
LRTV Custom TV
Realizing Operators' Digital Vision

12|16|14   |   5:23   |   (0) comments


Leveraging technology is fundamental to digital transformation but understanding customers and serving them really well is at the heart of digital businesses. TM Forum lists the following as the strategic pillars of the digital business: business agility and rapid innovation, operational agility and effectiveness, IT and data centricity, plus customer centricity. ...
LRTV Documentaries
US Cellular Injects Analytics Into LTE

12|16|14   |   2:57   |   (1) comment


US Cellular's Mario Vela explains how the operator uses analytics for network planning and what comes next as the carrier looks to eke more value out of its metrics.
LRTV Interviews
How Cox Biz Plans to Keep Growing

12|15|14   |     |   (1) comment


Steve Rowley, SVP of Cox Business, details how the third-biggest US MSO intends to boost its revenues to $2 billion and beyond over the rest of the decade
LRTV Huawei Video Resource Center
Interview With Bill Zhang, Director of SoftCOM Product Management, Huawei

12|15|14   |   2:50   |   (0) comments


Bill Zhang elaborated on Huawei's open philosophy in NFV solution development and network architecture design at the SDN & OpenFlow World Congress 2014.
LRTV Huawei Video Resource Center
Event Highlights: Huawei at SDN & OpenFlow World Congress 2014

12|15|14   |   3:43   |   (0) comments


Huawei joined the 2014 SDN & OpenFlow Congress as one of the key sponsors and contributors. At the event, Huawei reinforced the openness and flexibility of its network infrastructure strategies, and provided updates on its SDN and NVF innovations. Through participations at the exhibitions, forums and speeches, Huawei encouraged the industry to "think bigger and ...
LRTV Interviews
How Cable Biz Services Hit $10B Mark

12|12|14   |     |   (1) comment


Cable operators reached $10 billion in annual business services revenues by delving deeper into their vertical markets and expanding beyond the smallest firms.
LRTV Documentaries
Mediacom Aims to Test Connected Tractors

12|11|14   |   05:07   |   (3) comments


Cable business service provider is taking its services to the 'agribusiness' sector in partnership with farm equipment specialist John Deere and is getting involved in Gigabit Cities developments.
LRTV Interviews
TWC Business Looks Beyond $3B

12|10|14   |     |   (0) comments


TWC Business Services chief Phil Meeks explains how his unit has reached $3 billion in annual revenues and what its plans are for next year.
LRTV Documentaries
AT&T's New Security Strategy

12|10|14   |   02:36   |   (1) comment


AT&T's Chief Security Officer Ed Amoroso explains how his company is wrapping virtual security layers around micro network domains.
LRTV Documentaries
2020 Vision: A First View

12|9|14   |   02:25   |   (3) comments


At the 2020 Vision Executive Summit in Iceland, unique Heavy Reading research shows that comms service providers are optimistic about the next five or so years.
Upcoming Live Events
February 10, 2015, Atlanta, GA
April 14, 2015, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Hot Topics
Vodafone to Ride T-Mobile Back Into US
Dan Jones, Mobile Editor, 12/12/2014
Cisco Makes Big Analytics Push
Mitch Wagner, West Coast Bureau Chief, Light Reading, 12/11/2014
Gardner's Departure a Cautionary Tale
Carol Wilson, Editor-at-large, 12/12/2014
1-Gig: Coming to a Small Town Near You
Jason Meyers, Senior Editor, Gigabit Cities/IoT, 12/17/2014
T-Mobile Lights Up 27 Wideband LTE Cities
Sarah Reedy, Senior Editor, 12/15/2014
Like Us on Facebook
Twitter Feed
Webinar Archive