Cisco posts quarterly revenue of $12.1 billion, down 4% yoy

Cisco reported fourth quarter revenue of $12.1 billion, down 4% from $12.6 billion from the same time last year. Net income (GAAP) was $2.4 billion or $0.48 per share, down 14% from $2.8 billion a year ago.

For FY 2017, Cisco's total revenue amounted to $48.0 billion, a decrease of 2%. On a GAAP basis, net income was $9.6 billion and EPS was $1.90.

"We had another strong quarter and a transformative year. We made tremendous progress transitioning our business to more software and recurring revenue and delivered on our commitment to accelerate innovation in our core and across the portfolio," said Chuck Robbins, CEO, Cisco. "The network has never been more critical to business success and we are building the network of the future."

Some highlights

• Product revenue was down 5% and service revenue up 1%. 
• 31% of total revenue was from recurring offers, up 4 percentage points from the fourth quarter of fiscal 2016. 
• Revenue by geographic segment was: Americas down 6%, EMEA down 6%, and APJC up 6%. 
• Product revenue performance was led by Wireless and Security which increased 5% and 3%, respectively. NGN Routing and Switching revenue each decreased 9%. Service Provider Video, Data Center, and Collaboration revenue decreased 10%, 4%, and 3%, respectively.
• On a GAAP basis, total gross margin and product gross margin were 62.2% and 60.3%, respectively. 

https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1873317

Cisco's intent-based, intuitive networking launch – Part 2

Monday, July 10, 2017    No Comments

An interesting aspect of Cisco's new strategic direction with its Intent-based enterprise networking is that the company has made a major bet on developing proprietary ASICs rather than relying on merchant Ethernet switching silicon from Broadcom, Cavium, Barefoot, Innovium or other merchant semiconductor suppliers. There are a number of reasons why the company may have chosen this approach. First, with Broadcom dominating the market for Ethernet...

READ MORE

Cisco's intent-based, intuitive networking launch – Part 1

Friday, July 07, 2017  Cisco, OND Commentary  No Comments

This week Cisco outlined its vision for Intent-based Networking. Cisco CEO Chuck Robbins described the unveiling as the most significant announcement from the company in perhaps the last five years and as the 'foundation for networking' for the next 30 years. So, what exactly is it? Simply put, it is a vision. It is not a technology nor a network architecture, it is a vision of machine learning that will be applied to make networks more agile,...

READ MORE