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Cisco expects that revenue fells in second quarter : Point on market demand by nana lee
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Cisco expects that revenue fells in second quarter : Point on market demand by NANA LEE
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| Article Posted: 11/13/2013 |
| Article Views: 996 |
| Articles Written: 20 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 277 |
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Cisco expects that revenue fells in second quarter : Point on market demand |
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Business News,Home Business,Link Popularity
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Beijing morning news on November 14th, the United States of America Cisco network equipment supplier on Wednesday warned, the company's second quarter revenue felt 8% to 10%, in order to tumble 10% in after hours trading.
Cisco said, in the first quarter of October 26th, the company had revenue of $12090000000, compared with the same period last year $11880000000 growth 2%, lower than the averageanalyst expectations of $12340000000. The company forecast the quarter revenue growth is 3% to 5%.
Cisco stock market after hours trading Wednesday on the NASDAQ fell 10.36%, to $21.51. The stock on the Nasdaq stock market trading to close at 23.99 U.S. dollars, since August, issued aquarterly has fallen 9%.
Cisco first quarter profit fell to $2000000000, the amount of earnings per share of $0.37, the same period last year were $2090000000 and $0.39.
Excluding non normal items, earnings per share of the company's $0.53, exceeded analysts on average expected $0.51. Cisco said, the company's new profit included because Augustannounced 4000 job cuts and included in the $237000000 pre tax expenses.
Cisco CEO John Chambers (John Chambers) said, the weak performance of energy demand inemerging markets such as China's weakness. Because the United States governmentmonitoring behavior produced a bad influence in China, so where the enterprises in the purchase of Cisco products become more hesitant.
Cisco said, because China and other emerging market demand, and the United States government comes on the impact of corporate expenses, resulting in the first quarter of the company's revenue growth is not expected.
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