Usually Cisco quarterly revenue hovers around 12 Billion USD but last few quarters has lost lot of market shares to rivals means we have going to generate less revenue. Talk in the street is Cisco will generate Revenue less than 10 Billion USD means Cisco has let go atleast 20K employees to save the share prices.
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Economy has decreased...... Haha that must be a SVP blaming external factors for their failure to grow the business AGAIN!!!
The global economy has been pretty strong this year with most major share index at their strongest position since 2007. Where is it weak exactly?
Other tech giants are growing, AWS, Microsoft, Arista, Google, Apple. Do you not think it has more to do with our lack or relevance and the ELT's lack of vision or ability to excecute one, that is holding it back? Hiding behined the economy is passing blame and doesn't help anyone. I mean if this is how we perform in a phase of economic growth, I'm definitely selling my shares if we go in to a recession again!
Not sure what the figure will be, but the UK has had a shocking year. Some of my peers haven't even got to 50% of what they did the year before. I know some have done ok, but overall it's been a poor year. But nothing to do with the leadership obviously........ It's all the evil economy with its growth and lowest ever unemployment figures.... Damn you!!!!
Well, the fact is that nobody has explained the value of SDN. They keep saying we are a software company but they are still have a core business that consists of selling routers and switches which are hardware. If we are to believe they have truly evolved, then someone at Cisco needs to explain the value of Cisco's SDN and a virtualized router or switch. Or for that matter, any router or switch (virtual or not) that can be controlled by SDN/NFV (northbound interface) with REST API.
I could go on, but we are just seeing Cisco in a slump between the drop in core (router & switch) sales and trying to bridge (no pun intended) the divide until they get to truly become a Software company that sells APIC-EM, SDN, CSR-1000V, etc.
This company is not a Amazon Web Services (AWS). And the fact is that companies using virtualization and hybrid services now have other options. Cisco is facing, for the first time in history, a period where they just cannot keep up with technology.
About the only thing that Cisco could do, is import all their money back, and buy about 100 more companies. At this point, I'm sorry, but they are behind the eight ball - and about 10 years too late.
Cisco's UCS with VMWare is pretty much a money maker for VMWare.
Cisco's any other product is pretty much a money maker for someone else.
Other companies are eating Cisco's lunch and have been for so long, that Cisco, unfortunately, has shown no clear path out of the woods.
9 people in SJ are affected--see WARN report. Who knows how many at other sites. Probably fewer since SJ is the highest cost site.
Silent Period runs thru Aug/17. You could end up in jail for disclosing financial info which has not been made public yet.
b---s--- news. Large enterprises don't drop that quick.
economies tank, your IQ decreases, the longer you remain inside Cisco
This post is b---s---.
Nothing to do with losing market share. The economy, and therefore market, has decreased. This is why there's so many layoffs going on everywhere. Have a look at "Latest Posts" where all companies are represented.
It's a bloodbath