Channel Beat: Chuck Robbins Shatters Cisco Records In Q4

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Cisco CEO Chuck Robbins’ first earnings call went well this week, with the company reporting revenue of $12.8 billion for the fourth quarter.

That number beat analysts’ expectations, and overall sales for fiscal year 2014 reached $49.2 billion. That’s an increase of 4 percent from 2014.

Cisco’s global commercial business grew 11 percent, and the company has seen 23 consecutive quarters of growth. Product sales and service revenue also rose from 2014.

Google surprised just about everyone this week when the company revealeda massive restructuring that has created a holding company named Alphabet.

Google will be one of many companies held under the new Alphabet, and Product Chief Sundar Pichai will take over as Google’s CEO. Channel partners are in favor of the reorg, which they say will bring the Google business platform to the next level within the enterprise.

In much less surprising news, Symantec will sell its data storage business, Veritas, to the Carlyle Group and GIC for $8 billion.

The deal is expected to close by Jan. 1, 2016. That deadline comes just after the company plans to complete its split into two separate companies. Symantec acquired Veritas in 2005 for $10.2 billion, but partners are strongly in favor of the sale.

PUBLISHED AUG. 14, 2015