Cisco faces uncertainties as many continue to work from home

MarketWatch2021-02-10

Remote work causing delays in corporate-network upgrades Networking giant Cisco Systems Inc. is looking for slight revenue growth next quarter, which would be its first such advance since November ...

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Comments

Janzant
2021-02-15
Janzant
Hmm
DanTEOHH
2021-02-13
DanTEOHH
Wfh
GgWimp
2021-02-11
GgWimp
Gg
Kikilala
2021-02-11
Kikilala
[打臉] [打臉] [打臉]
BenWong888
2021-02-11
BenWong888
Omg
- BenWong888:
  Wow
- Usstock:
  Wow
Ucraz
2021-02-11
Ucraz
Asian bosses cant live with the idea of wfh

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But it also said that the corporate-enterprise business remained soft, due to long sales cycles and pauses in spending by companies during the pandemic.\nAmong the areas most impacted by the pandemic, total product revenue was $8.6 billion, down 1%, and networking infrastructure platforms was down 3%.\nThe company’s WebEx video-conferencing business again showed double-digit revenue growth, as companies continue to use it for group video meetings while employees are working from home.\nWhile remote work is a boon to Cisco’s video-conference software, it is causing delays in some network upgrade projects at corporate campuses. 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Many workers will still be video-conferencing into meetings taking place in the office, putting even more demands on corporate networks.\nCisco said that it expects revenue in the fiscal third quarter to grow 3.5% to 5.5% year-over-year. The company’s guidance includes the fact that the third quarter will have an extra week, noted Cisco’s new Chief Financial Officer Scott Herren, who took over the job from Kelly Kramer.\nInvestors were clearly hoping for more from Cisco, as they drove its shares down as the call progressed, with its stock off nearly 5% in after-hours trading. 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