Earnings | WRAL TechWire - Part 8

Earnings

Inside Cisco earnings: Relying on software-driven services, AI investments to restore growth

Editor’s note: Shares of Cisco rose in after-hours trading Wednesday after the tech giant reported better-than-expected earnings and forecast revenue growth after two years of decline. Technology Business Research says software-driven services and artificial intelligence investments are likely to help produce a return to revenue growth. Cisco operates one of its largest corporate campuses in Research Triangle Park, N.C. HAMPTON, N.H. – Cisco’s (Nasdaq: CSCO) corporate revenue declined 1.7% year-to-year to $12.1 billion in 3Q17, while Cisco Services’ revenue expanded 1% year-to-year, to $3.1 billion, according to financial results announced Wednesday. Cisco Services’ revenue from total sales expanded 70...

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After Another Strong Quarter, What’s Next for EMC?

Editor’s note: Allan Krans is an analyst with Technology Business Research. EMC operates a research and development center as well as a production plant in the Research Triangle region. HAMPTON, N.H. – As the economy stands on the edge of an uncertain 2008, EMC drove a strong close to 2007, reporting its sixth consecutive quarter of double-digit revenue growth. On Tuesday, EMC (NYSE: EMC) reported 4Q07 revenue of $3.8 billion, an increase of 19.2% compared with revenue of $3.2 billion during 4Q06. EMC’s 4Q07 results were the result of even contributions across all product and geographic areas, as EMC...

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