StockMarketFunding | August 11, 2010
http://www.StockMarketFunding.com Cisco Stock Tanks After Revenue Misses Cisco Systems Earnings CSCO Earnings Report Huge Drop in After Hours Trading Cisco reports 79% profit jump Cisco Reports Fourth Quarter and Fiscal Year 2010 Earnings
Conference Call Update:
On call, CEO Chambers notes co had a product book-to-bill slightly above 1 in Q4; headcount increased ~2K in the qtr (ex-acquisitions); $3.2 bln in cash generated to $39.9 bln total. He says co will continue to hire in-line with growth... Q4 emerging mkts orders rose 35% YoY; Europe up in the mid 20%, Asia/Pac up 20%, US and Canada up 20%... Total product orders were up ~23% YoY in Q4. Advanced tech segment grew 27% YoY in Q4; switching up 27%, and routing was up 15%.. He continues to see challenges in procuring components for supply chain; situation is improving, however, as expected. Co has made significant progress in the supply chain, and sees normal lead times return. Chambers says co is seeing 'mixed signals' from customers, and thinks unusual uncertainty' is an accurate description of what is occurring. He notes co is above its longer term goal of 12-17% growth.
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