Cisco posted a 4.7 percent increase in
revenue in its first quarter ended October 29, 2011 at $11.26 billion compared
with $10.75 billion in the same period last year.
Profit during the first quarter declined
7.9 percent to $1.8 billion.
The company’s research and development
expenditure was $1375 million in Q1 2011-12 against $1431 million in Q1
2010-11.
“We’ve completed the majority of our
restructuring and have organized Cisco to successfully execute against our
strategy of providing intelligent networks, architectures and integrated
products that solve customers’ business problems,” said John Chambers,
chairman and CEO, Cisco.
“Even in times of limited capital
spending, intelligent networks are being deployed to drive new business,
revenue and consumption models, enable new customer and employee experiences,
and drive efficiencies. Cisco’s leadership in networking, video, collaboration
and cloud, offered together in an integrated architectural approach, uniquely
positions Cisco as a strategic business partner,” Chambers added.
MAJOR ANNOUNCEMENTS IN Q1
Cisco acquired Versly, which integrates
collaboration capabilities through a plugin to Microsoft Office applications.
Cisco completed the acquisition of the
AXIOSS software assets that give Cisco the ability to extend network and
service management technologies across its next-generation IP network
platforms.
Cisco will acquire BNI Video, which
supplies service providers with two major video products that offer video
back-office and content delivery network analytic capabilities.
Cisco collaborated with Microsoft to
deliver data center virtualization solutions designed to provide improved
scalability and operational control of Microsoft Windows Server 8 virtual
environments.
Cisco and Citrix Systems announced that
they entered into a strategic alliance to develop and deliver solutions.
Cisco and HP announced another option to
bridge their data center server and networking architectures, the Cisco Fabric
Extender for HP BladeSystem, also known as the Cisco Nexus B22 Fabric Extender
for HP.
Cisco unveiled additions to its data center
networking portfolio that address the needs of expanding Internet traffic.
Cisco introduced new video content
solutions and capabilities that enable customers to capture, enhance and
analyze video, making it easier to find and access video content on any device
at any time.
Cisco unveiled expanded offerings — from
value-priced endpoints to an HD video software client to a hosted solution —
that are designed specifically to make the Cisco TelePresence experience widely
available, including to small and medium-sized businesses.
Cisco launched the industry’s first
integrated wireless IPTV service with AT&T.
Cisco unveiled the next phase of its
Virtualization Experience Infrastructure (VXI) with a series of offerings and
innovations designed to deliver uncompromised desktop virtualization
experiences.
Cisco introduced a set of Wide Area
Application Services (WAAS) and wide-area network (WAN) optimization appliances
to help organizations deliver business applications with a high-quality experience
across corporate networks.
By Telecomlead.com Team
