• Most Popular
  • Most Shared

Cisco sees Q1 sales up 8 percent avoids annual outlook

NEW YORK
Tue Aug 5, 2008 5:08pm EDT

NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc said on Tuesday it expects revenue to grow 8 percent in its fiscal first quarter from a year earlier, but avoided giving a forecast for the full year.

Stocks

Cisco also forecast revenue growth of 8.5 percent in the second quarter. It earlier reported fourth quarter revenue of $10.4 billion, up 9.9 percent from a year earlier.

Cisco Chief Executive John Chambers said on a conference call that the company stood by its long-term revenue growth forecast of 12 percent to 17 percent, but that a challenging economic environment would last a few more quarters.

(Reporting by Ritsuko Ando; Editing by Andre Grenon)
Stocks


More from Reuters

Demonstrator holds a signboard with a slogan "Bla bla bla ACT NOW" during a rally outside the UN Climate Change Conference in Copenhagen December 12, 2009. REUTERS/Christian Charisius

"Polluters are given rights to continue their dirty habits"

A climate change scientist blasts proposals for a cap and trade system, arguing it allows dirty industries to continue polluting, instead of rewarding innovation.  Full Article | Full Coverage 

    Climate Conference
    People walk by a Bank of America branch in New York. REUTERS/Lucas Jackson

    The search is on -- again

    Bank of America has less than two weeks left before Chief Executive Ken Lewis steps down. With the top candidate out of the picture, here's a look at what might happen next.  Full Article 

    Executive compensation
    Indian woman mourns death of her relative killed in tsunami in Cuddalore. When an earthquake of magnitude 9.15 struck off Indonesia's Aceh province on December, 26, 2004, it triggered a huge tsuanmi that raced across the Indian Ocean and hit Indonesia, Thailand, Sri Lanka and India. The worst natural disaster of the decade left 230,000 people dead or missing. Taken on December 28, 2004 by Arko Datta

    Pictures that defined a decade

    A woman's grief amid the tsunami devastation and one woman's fight against police in the Amazon are among the indelible Reuters images of the last 10 years.  Slideshow 

    Pictures