• Cisco Makes $2.2B in 3Q
By Maisie Ramsay, Wireless Week
Cisco increased its profits by nearly a billion dollars in its third fiscal quarter after rising sales boosted the company’s financial results.
The company made $2.2 billion, or 37 cents per share, on a 27 percent increase in sales, which hit $10.4 billion. Last year the company made $1.3 billion on $8.2 billion in sales.
“We emerge from this downturn gaining market share, a larger share of the total wallet spend of our customers, dramatically improved customer relations as a trusted technology and business partner, and having next-generation products in almost every product category," said Cisco CEO John Chambers in a statement. “It is clear that our game plan for how to handle economic downturns is hitting on all cylinders.”
Despite the results, Cisco’s stock fell 3.1 percent to $25.91 in NASDAQ trading by 9:45 a.m. Central today. The company’s stock closed at $26.74 before it reported its earnings yesterday and fell more than 1 percent in after hours trading.
• VOD report: Viewers watched 3.1 billion hours of on demand last year
By Mike Robuck
Today Rentrak released its report on video-on-demand viewing for last year, which included viewers watching 3.1 billion hours of on demand content last year.
Rentrak’s report, which is called "Rentrak State of VOD: Trend Report 2009,” was based on an aggregation of data from Rentrak's OnDemand Essentials service which tracks 70 million set-top-boxes across 33 operators and for more than 100 content providers.
Other VOD highlights included:
- VOD viewers spent more than 3.1 billion hours watching on demand content last year
- In an average month, 45 percent of enabled set-top boxes are using VOD
- Active users of VOD are ordering an average of 16.4 free programs per month, 8.7 subscription programs and 2.0 movies-on-demand
- Viewers placed 5.1 billion FOD orders and spent nearly 1.6 billion hours watching FOD content
- Subscription Video-On-Demand (SVOD) content had 1.6 billion transactions and more than 1.1 billion hours of playtime
- Transaction-On-Demand (TOD) content had more than 208 million orders totaling more than $963 million dollars in gross revenues in 2009
• OmniBus aids Scripps launch of new channels
OmniBus Systems announced today that Scripps Networks is using its platform to launch additional HD and SD channels.
Scripps upgraded and expanded its OmniBus Colossus system for the launch of new HD and SD channel services, which went live last month. The new channels augment Scripps' existing complement of SD channels, delivered to audiences across the U.S.
Scripps Networks' Colossus infrastructure was expanded by New Jersey-based Azzurro Systems Integration to accommodate the new SD and HD channels with the addition of new server and device controllers, but OmniBus said the existing Colossus server and caching and transfer infrastructure framework required only minimal changes to scale up for the extra traffic.