Service Financial Management is the focus of Domain 6 in Cisco Services‘ DomainTenSM Model for Data Center and Cloud Transformation. Closely related to the User Portal (Domain 4) and Service Catalog and Management (Domain 5), service financial management is one of those organizationally challenging topics for the data center management team -- although with the advent of cloud services, is becoming more widely appreciated and in many cases (e.g. a service provider offering cloud services to businesses, a public sector organization offering services to other regional public service organizations), a mandatory part of your offer. So let’s discuss this area and I’ll point you to a technical white paper from Cisco Services experts on this topic.
Cisco Domain Ten -- Domain 6 -- Service Financial Management
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Tags: architecture, chargeback, Cisco Domain Ten, Cisco Services, cloud, cloud_computing, data center, financials, UCS
Today, we reported our first quarter results for the period ended October 30, 2010. We reported first quarter net sales of $10.75 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.34 per share, and non-GAAP net income of $2.4 billion or $0.42 per share. Q1 was a solid quarter for Cisco from a financial, product, customer and geographic perspective. We continue to execute well with a compelling financial position, expanding innovation engine and execution in both our core markets and market adjacencies.
Cisco Chairman and CEO John Chambers commented:
“Cisco delivered solid financial results, during a challenging economic environment. While we have seen capital spending moderate in some areas of our business, our execution in the areas we can control and influence speak to the success and relevance of the company’s strategy. Our position in the market, including continued product innovation, market share momentum and operational excellence, positions us for growth and flexibility well into the future as we strengthen our role as a trusted business partner to our customers.”
Earlier this week, we released our key technology and customer highlights for the quarter, including acquisitions and new products.
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Tags: earnings, financials, john chambers, marthin de beer, q1fy11