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jueves, 13 de febrero de 2014

Cisco hikes dividend to 19 cents

SAN FRANCISCO (MarketWatch)
Cisco Systems said its board has declared a quarterly dividend of 19 cents a share, an increase of 2 cents from the previous quarter
The dividend will be paid on April 23 to shareholders of record as of the close of business on April 3
The company also announced it bought back $4 billion in shares during the quarter. In a statement, Chief Financial Officer Frank Calderoni said,
"Our financial strength gives us the confidence to provide a meaningful return to our shareholders."
Cisco reported a dip in profit and sales but its results beat Street estimates

14 comentarios:

geniopolis.net dijo...

Cisco earnings call points to continued uncertainty in the emerging markets

geniopolis.net dijo...

The Silicon Valley network-equipment giant, which is seen as a bellwether for corporate technology spending, has warned that it has seen weak demand in China and other emerging markets.

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Cisco Systems Inc. posted a 7.8% decline in revenue in its fiscal second quarter, matching the unusually grim forecast it issued in November.

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Chambers says Cisco expects fiscal third-quarter revenue to decline in the range of down 6% to down 8%.

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Chambers says emerging markets remain challenged. Service provider orders also fell 12% year-over-year.

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Chambers says Cisco’s UCS business continues to take market share.

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Cisco’s data center business posted a 10% growth year-over-year. But Cisco’s core businesses, switching and routing, recorded a drop in sales.

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Cisco’s important switching business recorded sales of $3.27 billion, that’s below the consensus estimate of about $3.31 billion.

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Cisco again saw weakness in China. He said Europe appears to be stabilizing “but still fragile especially in the south.”

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“2014 will be the inflection point for the Internet of Everything,” he says. “The level of excitement we see in the conversations we’re having today and with customers about the next wave of the Internet remind me of the mid-1990s. At that time we saw the Internet and e-commerce moving from just a text into something that did impact every industry.”

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Chambers again stresses Cisco’s ability to adapt to a changing market and tech landscape.

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Analyst notes that Cisco is “fighting multiple battles on multiple fronts. “Are you being spread too thin?”

“The answer is no,” says Chambers who reviews the company’s strategy of combining best-of-breed products to compete and differentiate Cisco’s offerings.

“You combine these into architectures with services and partners that very quickly bring you to solutions and dramatic differentiation. And that is what you’re seeing them play very strongly in the US commercial and US enterprise as proof points.”

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On question on whether Cisco is encountering some issues in the data center business given the flattish growth, Chambers says, “The answer is out and out no.”

He predicts that the business will pick up, saying, “I’d be very surprised if you don’t see the numbers up in the 30% range this next quarter with all the appropriate caveats. That momentum feels good. We are very, very well-positioned. … We have no fear here.”

Cisco’s data center business recorded revenue of $605 million, up 10% year-over-year. That’s below the Street estimate of $623 million.

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Chambers says Cisco’s services business will “really make a difference in our future.” Cisco’s services business posted revenue of $2.73 billion, up 3%.