Thread: CA. Cisco's Profit Rises 63%, to hire 3,000

Cisco's Profit Rises 63%

By JOHN KELL And ROGER CHENG

Cisco Systems Inc.'s fiscal third-quarter profit surged on a 27% jump in revenue, although margins fell slightly.

"We witnessed a return to strong balanced growth across geographies, products and customer segments that we hadn't seen since before the global economic challenges began," said Chairman and Chief Executive John Chambers.

As a result, the company is sticking with its commitment to hire 2,000 to 3,000 workers over the next few quarters. Cisco hired 1,000 workers in the third quarter.

With its dominant position in the market for information-technology networking gear, and its expansion into other areas of the data-center space, Cisco is seen as a bellwether for corporate spending on technology. The company has benefited from a push toward consolidation and automated data centers, as well as improved fundamentals in the U.S., although the financial crisis in Europe is seen as a concern.

Ahead of the results, Wedbush Equity Research said demand in the quarter was strong, driven primarily by the enterprise and service-provider markets and as firms are beginning to reinvest in their data-center and server-virtualization initiatives.

For the quarter ended May 1, the world's biggest maker of Internet-connectivity equipment posted a profit of $2.19 billion, or 37 cents a share, up from $1.35 billion, or 23 cents a share, a year earlier. Excluding stock-compensation costs and other items, earnings rose to 42 cents from 30 cents.

Revenue climbed 27% to $10.37 billion. In February, the company estimated sales would rise 23% to 26%.

Sales grew 31% for the company's products segment, which makes up a bulk of Cisco's revenue, while service sales improved 11%.

Gross margin narrowed to 63.9% from 64.1%. In a conference call with analysts, Chief Financial Officer Frank Calderoni blamed the decline on both less-profitable products and additional costs.

The company expects revenue for the current quarter to by 25% to 28% from a year ago, Mr. Chambers said. Cisco's forecast includes results from its recent acquisition of video conferencing provider Tandberg ASA.

Write to John Kell at john.kell@dowjones.com

http://online.wsj.com/article/SB1000142 ... pHeadlines

Cisco Systems
Cisco Systems, Inc. (NASDAQ: CSCO, SEHK: 4333) is an American multinational corporation that designs and sells consumer electronics, networking and ...
http://en.wikipedia.org/wiki/Cisco_Systems

Cisco Systems, Inc.
170 West Tasman Dr.
San Jose, CA 95134
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(408) 526-4000
(800) 553-NETS
(800) 553-6387

In the past CISCO has preferred H1b hires and ranks # 15 of the top companies ,

http://www.garamchai.com/TopH1b.htm

Immigration to the US and North America is dear to many Indians, and people from around the globe. In this section of GaramChai.com, you will find links of interest to immigrants, prospective immigrants and those interested in immigration reform.. Please do not hesitate to point out any inaccuracies that you might notice.

Here is a list of the top employers in the US, who have sponsored the maximum number of H1B employees in the US. During the first five months of the 2000 fiscal year that began October 1, 1999, the INS approved 81,262 H-1B petitions. The INS has now made a list of the US employers with the most H-1B applications approved during that time.

The companies and the number of H-1B applications each has approved are listed below. A more updated list from our previously published list for 2008 can be found on the following page . Listing from 2006 can be found on following page

1 Microsoft 28,800 22,726 6,074 4,437 90,327 837 87,371
2 Satyam Computer Services 24,779 24,556 223 4,236 64,703 6 85,211
3 Enterprise Business Solutions 12,931 12,789 142 1,035 57,201 6 66,754
4 IBM 12,738 11,828 910 1,413 96,332 60 102,272
5 Oracle 10,821 8,246 2,575 974 97,609 193 92,031
6 Patni Computer Systems 9,528 9,362 166 52 58,473 28 83,302
7 Intel 9,087 6,311 2,776 1,340 88,658 2 74,645
8 Ernst Young 7,772 6,841 931 1,182 89,730 138 80,853
9 Infosys Technologies 7,712 6,578 1,134 1,586 64,448 282 79,237
10 Xceltech 7,116 7,080 36 899 57,453 7 62,115
11 Rapidigm 6,783 5,591 1,192 - - - -
12 CitiGroup 6,649 6,153 496 666 93,531 32 94,576
13 Larsen Toubro Infotech 6,304 6,243 61 1,374 55,219 10 72,186
14 Motorola 6,253 5,164 1,089 679 87,352 98 96,483
15 Cisco Systems 6,251 4,817 1,434 522 110,645 58 99,379
The 6251 is the number of jobs????
The lates newsletter from MyVisa JOB.com

http://www.myvisajobs.com/H1B-Visa-Sponsor/Cisco.htm
The newsletter at myvisajobs.com is a facinating list of companies.
http://www.myvisajobs.com/Visa-Job-Browse.aspx

Our country is being outsourced, period. JMO

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