On CNBC this morning, CEO John Chambers said that while emerging markets as a whole grew by 8%, the big emerging markets grew only 1%646-048 free demo and pdf.This echoes what he said on the conference call yesterday.
Our emerging markets business was up 8%, however we saw mixed results in our top five emerging countries, with India and Mexico up in double646-048 free demo and pdf digits, Brazil and Russia approximately flat and China down 6%. The changes in macroeconomic conditions in the emerging markets both positive and negative are driving more inconsistent growth than in the past. Now on moving on to customer segment view again and from an orders perspective.
Cisco cuts 4000 jobs, share dive,Network equipment maker Cisco Systems is cutting 4000 jobs, or 5 per cent of its workforce, as it makes a fresh attempt to reduce costs and refocus on growth areas as it faces uncertain demand for its networking equipment.
"The environment in terms of our business is 646-048 free demo and pdf improving slightly but nowhere near the pace that we want," said chief executive John Chambers on a conference call following its quarterly earnings.
Shares of the world's biggest network equipment maker fell more than 9 per cent after hours, which would be its biggest dip in more than a year if reflected on Nasdaq on Thursday.
The company's shares had been up more than 50 per cent in the past 12 months, as investors were heartened by signs that Cisco would be able to ride the stuttering demand for tech infrastructure.
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