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Cisco issues grim forecast after falling short on revenue
2013-11-14 14:55:14| InfoWorld: Top News
Cisco Systems stunned Wall Street on Wednesday with a gloomy financial forecast it blamed on falling demand in developing countries and transitions in some of its product lines.
Tags: short
issues
revenue
falling
Man Utd revenue at record levels
2013-11-14 14:42:12| BBC News | Business | UK Edition
Manchester United reports record revenue of 98.5m for the first three months of its financial year as income from sponsorship and TV deals jumps.
Tags: man
record
levels
revenue
We Like Danaher's Recurring Revenue Stream
2013-11-14 09:58:22| Industrial Machines - Topix.net
What is stock analysis? Well, there are some that think it has everything to do with the dividend.
Tags: stream
revenue
recurring
Cisco revenue growth slows in October quarter
2013-11-14 08:58:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal first quarter up just 1.2 percent year-on-year to USD 12.1 billion, while net profit fell 4.6 percent to USD 2.0 billion. Cisco said revenues were less than expected and profits were impact by one-time charges of USD 237 million for job cuts and USD 257 million for the acquisition of the rest of Insieme Networks. Adjusted EPS for the three months to 26 October, excluding the charges, was still up 10.4 percent to USD 0.53. On a geographic basis, the company's sales fell in Asia, but grew in other regions. On a product basis, sales of service provider video equipment fell 8 percent, and NGN routing systems were lower 1 percent lower year-on-year at 2.04 billion. Sales at the main switching business grew 3 percent to USD 3.75 billion, and the data centre operations continued to grow strongly, up 44 percent to USD 601 million. With a book-to-bill ratio of less than 1 and product orders down 4 percent in the past quarter, Cisco's revenues may remain under pressure in the current quarter. The company reported product orders down in all regions in fiscal Q1, as well as weaker spending by service providers and the public sector. Operating cash flow was up slightly from a year earlier to USD 2.6 billion, and Cisco finished the quarter with USD 48.2 billion in cash. After spending USD 2.0 billion on share repurchases in the quarter, the company authorised another USD 15.0 billion for the buyback programme.
Tags: october
growth
quarter
revenue
Increase in Net Revenue Reported by Marfrig
2013-11-14 01:00:00| ThePigSite - Industry News
BRAZIL - Net revenue increased to almost BRR5 billion for the latest quarter, reports Marfrig, an increase of 11 per cent over the previous three-month period, while gross margin rose to 11.9 per cent.
Tags: net
increase
reported
revenue
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