Friday, 05 February 2010 23:57
Cisco Systems: Cisco's earnings rose 23% on an 8% rise in revenues, easily surpassing the consenus. Moreover, the company issued very strong guidance, now predicting that revenues would rise 23-26% in the coming quarter, ahead of the previous expectation for 16% revenue growth. CEO John Chambers described the acceleration fo growth as strong "across the board" and signaled the "second phase" of the economic recovery now underway.
Vodafone: On the heels of stronger than expected growth in its Asia-Pacific and Middle East businesses, Vodafone announced 10% revenue growth and raised it expectation for anticipated free cash flow for the year to $6.5 billion to $7 billion pounds, up from $6 billion to $6.5 billion pounds.
In other news, Colgate-Palmolive voted to increase the dividend by 20% and buy back 40 million shares over the next two years, equal to 8% of outstanding shares. Also, Emerson CEO David Farr optimistically predicted that while we will see slower growth over the next decade, we will not see a double-dip in the near term.