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Cisco lowers revenue growth outlook
2013-12-13 08:52:00| Telecompaper Headlines
(Telecompaper) Cisco Systems has reduced its mid-term growth forecast to 3-6 percent revenue growth per year, from 5-7 percent previously. The new outlook was given by CFO Frank Calderoni at an investors conference in . The reduced forecast is due to the weaker economic climate, conservative customer budgets and constraints at service providers. At the same time, Cisco continues to see growth in products for the data centre, cloud, mobility and security segments. Growth in these areas will offset expected flat revenues over the next 3-5 years at its core business. In compensation for the weaker revenues, Cisco aims to reduce operating costs as a percentage of sales, to the low 30s from 34 percent last year and 35 percent the previous year. The adjusted operating margin is expected to remain in the high 20s, after a figure of 28 percent the past two years. The company also remains committed to growing cash flow in order to continue its share repurchases. For the current quarter to January, Cisco forecasts revenues down 8-10 percent year-on-year, hurt by the slowdown in emerging markets, product transitions and constricted spending at operators. Over the full year, adjusted EPS is expected little changed, at USD 1.95-2.05 versus USD 2.02 last year.
Tags: growth
revenue
outlook
cisco
US: Express Inc lowers guidance, Q3 profit climbs
2013-12-04 14:17:00| Daily apparel & textile news and comment - from just-style.com
US apparel retailer Express Inc has lowered its full-year earnings guidance, despite booking an increase in profits in the third quarter.
Tags: express
profit
guidance
lowers
IDC lowers tablet shipment forecast
2013-12-04 01:00:00| Total Telecom industry news
Research firm attributes adjustment to growing popularity of phablets.
Tags: forecast
tablet
shipment
idc
Walmart Reveals Cyber Monday Deals, Lowers Free Shipping Minimum
2013-11-22 19:34:12| PC Magazine Software Product Guide
Walmart is making it more attractive than ever for consumers to forego the Black Friday crowds and do their holiday shopping from the comfort of home.
Tags: free
shipping
monday
minimum
US: Stage Stores lowers guidance as Q3 loss widens
2013-11-21 18:51:00| Daily apparel & textile news and comment - from just-style.com
US apparel, footwear and accessories retailer Stage Stores has seen its third-quarter net loss widen on higher costs, and has cut its full-year earnings guidance.
Tags: stores
loss
stage
guidance
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