Cisco Enterprise Networking Market Slows Down
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Cisco reported third quarter fiscal 2012 earnings late Wednesday that were in line with expectations. Expectations for the future, however, aren't overly enthusiastic as customer conservatism begins to set in and macroeconomic concerns are slowing the sales cycle.
Looking at market share growth specifically, Cisco's service provider business grew by five percent while enterprise was down one percent.
"As you have seen in our enterprise order growth and the trends over time, we are seeing a hesitant spending environment," Chambers warned. "At this time, we are not seeing a significant downturn in the environment nor are we seeing new challenges in our own business. We are seeing larger, longer sales cycles, more sign-off and smaller deal size."