Cisco Beat Earnings

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Cisco Beat Earnings

Cisco beat earnings by $120 million dollars and they say enterprise earnings are strong.
 
Scientific Atlanta also produced outstanding results for the company.
 
Emerging markets are growing at 40%
 
Here are some statements I just wrote up for a TMCnet article that should be coming out soon:
 
John Chambers is on record as saying has never seen such a surge in technology since 1990. This bodes very well for the industry. I would imagine Cisco should have a blow out quarter with most of the revenue growth coming from outside the US.
 
In addition, I would expect the company’s IP communications growth to be strong. This bodes well for the industry but as Cisco gets stronger it may become tougher for the smaller players to compete.
 
Update:
 
Here is a great article from TMCnet’s Tim Gray on Cisco beating the earnings. There are salient quotes from Cisco’s John Chambers as well as two of my favorite analysts, Jim Burton, a principal with UC Strategies and Zeus Kerravala, senior vice president of Enterprise Research with the Yankee Group.


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