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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Saturday, February 6, 2010

Cisco Sees Strong Growth Ahead

In the quarter ending January 23, 2010, Cisco said its net sales rose 8% to 9.8 billion US dollars thanks to particularly strong growth in its switches business. Cisco said that it is seeing a strong recovery in capital spending among its customers and expects its revenues to increase between 23% and 26% year-on-year in the current quarter.

John Chambers, Cisco's CEO, said: "We would expect, with all the appropriate caveats about the continued economic recovery, to add between 2,000 to 3,000 people to Cisco in the next several quarters." source: Cisco prepared remarks.

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