Cisco’s acquisition of NDS is helping and will continue to...
Cisco’s acquisition of NDS is helping and will continue to help margins at Cisco’s service provider business, which sells equipment to pay-TV providers and ISPs, Cisco Chairman John Chambers told analysts Tuesday. The company is seeing some signs that the…
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economy in the U.S. is improving, but it’s too soon to call it a trend, he said, according to a transcript of Cisco’s fiscal Q1 earnings teleconference from Seeking Alpha. U.S. spending among ISPs is expected to remain strong given recent announcements from AT&T and Sprint about their plans. Total Cisco sales increased 6 percent from a year earlier to $11.6 billion. Sales to U.S. service providers increased 13 percent from a year earlier, Chambers said without saying what the quarterly total was. Profit increased 17 percent from a year earlier to $2.1 billion. Cisco’s shares increased 4.8 percent Wednesday.