Pandemic continues to be spanner in the works for Cisco enterprise sales

Josh Budd
clock • 2 min read

Vendor giant sees shares take a tumble after CEO warning

Cisco's share price tumbled in after-hours trading on Tuesday after CEO Chuck Robbins told investors that the pandemic is continuing to impede the recovery of its enterprise business. Revenues for its second quarter for the three months ending 23 January 2021 came in at the higher end of Cisco's guidance with flat growth year on year to $12bn, while GAAP operating income fell five per cent to $3.2bn. EMEA was Cisco's highest growing segment during the quarter, with revenues up two per c...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now


Already a member?

Log in

More on Vendor

Fujitsu plant

Fujitsu pulls plug on European PC business

Manufacturer to move towards datacentres, hybrid cloud and platform services

Martin Fryba
clock 04 August 2023 • 1 min read
SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

SolarWinds execs hit with SEC Wells notice related to 'Sunburst' cyberattack

Current and former executives including its CFO and CISO received Wells notices that they may be subject to civil enforcement action in relation to the late 2020 SolarWinds Orion cyberattack

clock 27 June 2023 • 3 min read