CFO Frank Calderoni Talks Cisco Systems' Future And Global Outlook (CSCO)
Calderoni stated that Cisco has a good view due to their outreach on a global basis, with partners around the world to source for good trends.
The company recently ended their fiscal year strong in late July, with top-line growth at six percent and a non-gap EPS growth of 11 percent for Q4, and as a $50 billion company, six percent top-line growth and a nine percent non-gap EPS.
"So good growth top and bottom line," said Calderoni.
He said that it has been key for Cisco to work with investors to try to drive profits faster than revenue, and Q4 of their last fiscal year is their seventh quarter of doing just that. According to Calderoni, growth is defined by making the right long-term investments to continue to move the company forward.
"We're seeing some inconsistencies when we start looking at the global market," said Calderoni.
Cisco has seen good growth in their U.S. enterprise, commercial, and public sector markets. In Europe, they've had mixed results, in what he identified as a known mixed market, noting challenges in southern Europe. In Asia, orders were down, with a main dip in China, and in other emerging markets there are dips. In India and Mexico, however, they had good growth. In other emerging markets they went flat in the year, Calderoni said.
From his overall perspective Calderoni sees a global recovery slowly and steadily occurring.
At the time of this writing, Jason Cunningham had no position with the mentioned entities. Visit Jason on Twitter @JasonCunningham.
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