Service Provider Video Revenue Up 20% Due to NDS Acquisition
Cisco Systems, which saw sales to service providers worldwide fall 1% for the quarter that ended Jan. 26, is now “walking away” from bids for low-margin set-top boxes, particularly in Europe, chairman and CEO John Chambers said on the company’s earnings call Wednesday.
“We are driving the transition to more software video solutions and have been more selective in the business we are taking in terms of set-top boxes, and the lowest margin set-top box business in particular,” Chambers said.