The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Cisco profit slips as revenue falls short - Chambers: Sales ‘below our expectation,’ but ‘financials are strong’

SAN FRANCISCO (MarketWatch) 
Cisco Systems reported a dip in profit for its fiscal first quarter and its revenue fell short of expectations
The San Jose, Calif.-based technology giant reported a fiscal first-quarter profit of $2 billion, or 37 cents a share, compared with a profit of $2.1 billion, or 39 cents a share, for the year-earlier period
Revenue rose to $12.1 billion from $11.9 billion
Adjusted profit was 53 cents a share
Analysts polled by Fact Set on average were expecting a profit of 51 cents a share, on revenue of $12.35 billion
In a statement, Chief Executive John Chambers acknowledged that the company’s “revenue growth was below our expectation,” but also said, “Our financials are strong, our strategy is strong and our innovation engine is executing extremely well.”
The company also said its board has approved a plan to buy back an additional $15 billion in shares

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geniopolis.net dijo...

Cisco: Fed shutdown impact roughly $50 million