4 ms·
> Wehner said a combination of currency headwinds, new privacy controls, and new experiences like Stories will contribute to the deceleration I remember the da
by noncoml 8y ago
> Wehner said a combination of currency headwinds, new privacy controls, and new experiences like Stories will contribute to the deceleration
I remember the day Chambers Saif Cisco hit an air pocket. Since then it has only been layoffs, cuts and austerity for Cisco. Never really recovered. Is it the same day for FB?
> Cisco on Wednesday reported healthy profit and sales gains for its fiscal first quarter, in line with Wall Street expectations. But a host of challenges -- including losses in public sector accounts and in specific product areas like set-top boxes -- coupled with a less-than-invigorating sales forecast for the current quarter, were enough to send Cisco's shares tumbling.
> Cisco CEO John Chambers, on Cisco's Q1 conference call, described the challenges as hitting an "air pocket," and was bullish on many of the areas in which Cisco excelled. But he set a subdued tone for the call, especially with the forecast that second quarter revenues would increase only about 3 to 5 percent, and a forecast that revenue growth for fiscal 2011 overall would be 9 to 12 percent, well below both the 13 percent for Q2 and the 13.1 percent for FY11 predicted by analysts.
> Specifically, said Chambers, orders came in over $500 million below Cisco's initial Q1 sales forecast.