NEW YORK (Reuters) – IBM <IBM.N> nudged up its full-year outlook and reported stronger-than-expected quarterly results, as companies increased spending on software and IT consulting, adding to hopes of a sustained recovery for the technology sector.
Shares of International Business Machines Corp, however, fell 2 percent in after-hours trade, with some analysts pointing to profit taking after recent gains, while others said the company’s gross margin was slightly below expectations.
NEW YORK (Reuters) – Cisco Systems Inc <CSCO.O> is poised to step up investment and acquisitions in China regardless of trade frictions between Beijing and Washington, aiming to secure its place in a tricky but pivotal market.
Already the world’s largest Internet and mobile phone market, China is likely to become even more crucial to the network equipment maker’s growth as the country’s burgeoning middle class gains access to new technology.
NEW YORK/BRUSSELS (Reuters) – Cisco Systems Inc claimed two major victories on Monday to secure its position as the world’s top videoconferencing provider: a big sales contract for its high-end video system and regulatory approvals for its acquisition of Norway’s Tandberg.
Cisco <CSCO.O> said it won a multi-year deal to supply TelePresence systems to Bank of America <BAC.N>, reflecting the growing popularity of advanced, video communications systems.
NEW YORK, March 25 (Reuters) – Technology outsourcing and
consulting company Accenture Plc <ACN.N> reported a fall in
quarterly earnings on Thursday and lowered its outlook for the
year, citing a stronger dollar.
Accenture, which has been struggling over the past year to
recapture corporate spending, said it now expects full-year
earnings of $2.61 to $2.69 per share, down 6 cents from its
December outlook of $2.67 to $2.75 a share, due to exchange
NEW YORK (Reuters) – Private equity firm Apax Partners <APAX.UL> is no longer in talks to buy U.S. videoconferencing company Polycom Inc <PLCM.O>, a source with knowledge of the matter told Reuters on Tuesday.
Shares of Polycom fell nearly 7 percent on the news, erasing gains made last week, when the Financial Times reported that Apax had been in talks since November to take Polycom private for more than $3 billion.
NEW YORK (Reuters) – Super-fast Internet for every American may sound like a pipe dream, but if the U.S. National Broadband Plan is even partially successful, it will mean billions of dollars of new sales for network equipment makers such as Cisco and Motorola.
The Federal Communications Commission wants to speed up Internet connections by about 25 times for 100 million homes by 2020, which would require service providers from AT&T Inc <T.N> to Qwest Communications International Inc <Q.N> to make huge investments, such as on building fiber lines directly to homes.
NEW YORK, Feb 23 (Reuters) – Juniper Networks Inc’s <JNPR.N> CEO expects telecommunications carriers to step up capital spending in 2010 as new Web-surfing wireless devices force them to upgrade networks neglected during the downturn.
Kevin Johnson said an analyst’s forecast of 12 percent to 15 percent growth in global spending by telecoms service providers was consistent with what the company has heard from customers.
NEW YORK, Feb 11 (Reuters) – Motorola Inc <MOT.N> said it
aims to split into two companies in the first quarter of 2011,
one to focus on cellphones and television set-top boxes, and
the other on enterprise networking.
Motorola said on Thursday that splitting into two
independent and publicly traded companies would help improve
its position in the different markets.
NEW YORK, Feb 8 (Reuters) – Juniper Networks Inc <JNPR.N>
will begin selling new wireless products for mobile carriers,
responding to bigger rival Cisco Systems Inc’s <CSCO.O> recent
acquisition of a wireless technology firm.
Juniper said on Monday its new software includes Juniper
Traffic Direct which, used together with its MX 3D routers, can
help mobile carriers reduce network congestion and
NEW YORK (Reuters) – Cisco Systems Inc’s quarterly results and outlook exceeded Wall Street expectations as more customers upgraded their networks to handle growing Internet traffic, leading CEO John Chambers to declare a very strong recovery.
Shares in the leading network equipment maker rose 4 percent as the company forecast revenue growth of 23 percent to 26 percent in the current quarter, far exceeding the average analyst forecast for a rise of 16.5 percent.