Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Cisco Looking Better than Expected
CEO John Chambers called the economy “challenging”

Cisco, the networking king and economic bellwether, cleared better-than-expected earnings of $2.09 billion, or 39 cents a share, up 10.6% year-over-year, in its first fiscal quarter, which closed at the end of October. Revenues were up 5.5% to $11.9 billion despite depressed demand in key markets like Europe, down 10%, and long-term threats from widgetry like software-defined networking.

CEO John Chambers called the economy "challenging."

Cisco's core switching and routing sales, representing 47% of revenue, both declined 2% year-over-year, to $3.6 billion and $2.1 billion respectively.

Switching was hit by slowing in the public sector and developed countries. The routing segment was hurt by weakness in service providers, especially in EMEA, although Cisco did see double-digit growth in edge routing.

Europe was down 10% and government sales down 6%.

Still Cisco beat estimates of 46 cents on $11.8 billion but expects flat earnings and slower revenue growth this quarter. Cisco figures Europe will get worse before it gets better but is seeing an improvement in the US.

Cisco managed to meet reduced expectations by cutting costs, eliminating jobs, shutting lines of business and cutting prices to ward off competitors like Arista and HP. It realized a gross margin of 62.7% of revenue.

Service provider video rose 30% to $1.1 billion. Collaboration technologies fell 8% to $1 billion. Wireless product sales rose 38%. Data center sales rose 61%, security technology sales rose 6%. All other goods were down 12%.

Enterprise sales were down 1%, sales to the public sector were off 6%. Commercial sales, including consumer goods, rose 1%, and sales to service providers rose 3%.

CEO John Chambers said the US, where Cisco was able to close more big deals in the quarter, will have to pull the world out of its stupor. Asia, up 7%, and the developing world can't do it. US GDP growth needs to get above 2% because otherwise "there will be no job growth in the US." And that depends on Washington working together.

If the White House doesn't relent on revenue repatriation, Chambers said Cisco would spend its massive cash horde overseas.

Cisco expects to return earnings per share, excluding items, of 47 cents-48 cents, excluding one-time charges, in its fiscal second quarter, which runs until the end of January, on revenue growth of 3.5%-5.5%, compared to 11.5% a year ago. The Street figures revenues will be up 4.5% to $12.04 billion.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Latest Cloud Developer Stories
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchai...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in orde...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSy...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE