Cisco revenues continue to climb

Cisco has reported net revenue of $6bn (£3.26bn) for the first quarter of its 2005 fiscal year, only slightly up on the previous...

Cisco has reported net revenue of $6bn (£3.26bn) for the first quarter of its 2005 fiscal year, only slightly up on the previous quarter but an increase of 17.1% over the last 12 months.

Net income for the quarter, which ended 30 October, was $1.4bn.

The figures record a sixth straight quarter of revenue growth for Cisco, and company officials forecast that the second quarter would bring 1-3% growth.

Cisco added 715 workers in the first quarter, taking its workforce to just over 35,000. About half the new staff came through acquisitions - Cisco bought all or part of five companies during the quarter.

Cisco chief executive John Chambers said he thought the biggest long-term competitive threat would come from Asian network equipment makers. "Cisco will not lack for competitors in the future," he said.

Looking ahead to future technologies, Chambers said Cisco would weigh many changes, including advances in higher-intelligence switching gear, sometimes called Layer 4-7 switching. Layers 4-7 deal with end-to-end communication between a message source and a message destination, while Layers 1-3 are devoted to network access.

Chambers said he still had a "healthy paranoia" about the market for network equipment in coming months, while noting four different shifts in the market during the past 15 months.

Matt Hamblen writes for Computerworld



Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT strategy

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.




  • Passive Python Network Mapping

    In this excerpt from chapter two of Passive Python Network Mapping, author Chet Hosmer discusses securing your devices against ...

  • Protecting Patient Information

    In this excerpt from chapter two of Protecting Patient Information, author Paul Cerrato discusses the consequences of data ...

  • Mobile Security and Privacy

    In this excerpt from chapter 11 of Mobile Security and Privacy, authors Raymond Choo and Man Ho Au discuss privacy and anonymity ...