Cisco's issues sluggish forecast, shows declines in CPE sales to $411M

Cisco reported overall profits that were better than some analysts expected during its most recent quarter, but the company's financial expectations for the coming months were below forecasts. And the company's CPE business -- which Cisco is in the process of selling to Technicolor -- reported a 14 percent slowdown in its revenues to $411 million.

As part of the sale of its CPE business to Technicolor, Cisco broke out its quarterly revenues from its CPE sales during the past year. In its most recent quarter the company generated $411 million from the sale of set-top boxes to major domestic and international pay-TV operators. That's down from the $487 million the company scored in revenue in its previous quarter, and the $497 million it posted in the year-ago quarter. Presentation (PDF)

Cisco was the world's second-largest supplier of CPE globally in the first quarter, according to research firm IHS. Cisco and Technicolor said they expect their deal, first announced in July, to close early next year.

In its most recent quarter Cisco reported overall revenues of $12.68 billion, but the company warned of a coming slowdown due to economic uncertainty and changes in currency. Article

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