John Chambers

Cisco’s Chambers to step down as CEO takes over chairman role

Cisco executive chairman and former CEO John Chambers has told the company’s board that he will not stand for re-election to the company’s board when his current term expires in December. Cisco will name current CEO Chuck Robbins to serve and chairman, while Chambers will be given the honorary title of chairman emeritus. Chambers transitioned […]

Cisco looks to cloud as video business dips in third quarter

Cisco Systems’ service provider video business took a hit on lower orders and revenue in its third fiscal quarter, but will look to rebound as it focuses more on cloud TV delivery internationally, according to its outgoing CEO. Cisco posted overall third quarter revenues of US$12.1 billion (€10.6 billion), up 5%. Non-GAAP net income was […]

Cisco appoints new chief executive officer

Cisco has named company exec Chuck Robbins as its next chief executive officer and the successor to John Chambers, who has held the post for the past 20 years. Robbins, who first joined Cisco in 1997 and has most recently served as senior vice president of worldwide operations, will take up the CEO role effective July […]

Cisco commits to set-top business

Technology giant Cisco has outlined its commitment to its set-top box business, though said it would separate it out from its service provider operations to give a clearer indication of its performance. In a conference with investors and financial analysts yesterday, Cisco president of development and sales, Robert Lloyd, said “we’re not getting out of […]

Cisco to cut 4,000 jobs

Technology giant Cisco announced plans to cut roughly 4,000 staff, or 5% of its global workforce, despite reporting increases in revenues and profits in its fiscal fourth quarter. Speaking on the firm’s earnings call, chief finance officer Frank Calderoni said that the workforce reduction would come during full year 2014, with CEO John Chambers justifying […]