Cisco Systems(Strategic 100 2010)
- 18 January, 2011 22:00
Global HQ: San Jose, California, US Website: www.cisco.com
Global leader: John Chambers, chairman and CEO
Local leader: Geoff Lawrie, country manager, New Zealand
Core activity: Online applications and internet networking
Revenue: US$40 billion (FY2009 to 2010, ended July 31)
Key customers: Telstra, University of New South Wales, University of Queensland, LJ Hooker
Cisco Systems posted gains in both profit and revenue for its fiscal first quarter that ended October 30, despite what it called “a challenging economic environment”.
Chairman and CEO John Chambers says Cisco had run into some surprises in the quarter, including how fast government purchases fell off, but expressed confidence in the company’s overall progress.
“This is minor bumps in terms of the direction where we are going to head as a company.”
He says the company is confident in its strategy and will continue to move into areas “where the network is becoming the platform, and where our customers want us to invest and innovate”.
Stephen Lawson and Agam Shah, IDGNS