IT industry giant and bellwether Cisco is expected to tell the world and its dog that the hard times are over this Wednesday.
The company, which is seen as a general indicator about the way the tech industry will go, has reported a reasonable quarter. Not great, but better than a poke in the eye with a short stick.
According to Reuters, Cisco looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.
On Wednesday it’s expected to announce an increase in revenue of almost eight percent to $11.23 billion.
Natarajan Subrahmanyan, analyst at The Juda Group, wrote in a note to investors that improving demand in the US is driving a recovery in Cisco’s business, with solid growth across US enterprise and commercial offsetting weakness in Europe and parts of Asia such as India.
He thinks that Cisco will outgrow its peers over the long-term, given enterprise networking is outgrowing overall IT spending.
Cisco’s smaller rivals such as Juniper Networks, Tellabs and Acme Packet have warned of weak spending among corporates.
Cisco happens to be in the right place, having a data centre operation, and appears to have also seen solid enterprise demand that went against what its rivals have been seeing. Cisco has also made gains from large routing contracts in China.