What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.
Monday, August 16, 2010
Cisco's Growth Accelerates Sharply
Cisco said that its net sales rose 27% year-on-year in the quarter ending July 31 to 10.8 billion US dollars, propelled by 27% growth in its "advanced technologies" sales and 27% growth in "switching revenue". In the year ending July 31, Cisco's revenues rose 11% to 40 billion dollars.
However, the company cautioned: "We are seeing a large number of “mixed signals” in both the market and from our customers’ expectations…we think that the words “unusual uncertainty” are an accurate description of what is occurring." source: Cisco presentation