Cisco just reported its third quarter earnings and we're examining them now.It reported:EPS Q3 EPS $0.57 versus expectations of $0.55, that's a beat.Revenue of $12 billion versus expectations of $11.97 billion, another slight beat.Investors are also happy with Cisco's solid guidance.It expects the next quarter to show 0%-3% Y/Y growth which excludes the set-top business that Cisco sold  and EPS of $0.59-$0.61.Analysts were expecting actual revenue to decline 3.3% and EPS of $0.58.The stock is up about 5% in after hours trading.Here's the full press release.Cisco Reports Third Quarter EarningsSolid Quarter Driven by Strong Execution; Continued Strong Margins and Momentum in Growth AreasQ3 Revenue : $12.0 billionGrowth of 3% year over year -- Q3 guidance was 1% to 4% growth year over year normalized to exclude the SP Video CPE Business for Q3 2015 Q3 Earnings per Share: $0.46 GAAP; $0.57 non-GAAPQ4 Guidance:Revenue: 0% - 3% growth year over year normalized to exclude the SP Video CPE Business for Q4 2015 Earnings per Share: GAAP $0.48 - $0.53; Non-GAAP: $0.59 to $0.61Cisco today reported third quarter results for the period ended April 30, 2016."We delivered a strong Q3, executing well despite the challenging environment," said Chuck Robbins, Cisco chief executive officer.A reconciliation between net income and EPS on a GAAP and non-GAAP basis is provided in the table following the Consolidated Statements of Operations.Cisco continued to build a greater mix of recurring revenue as reflected in deferred revenue.Days Sales Outstanding in Accounts Receivable DSO -- was 33 days at the end of the third quarter of fiscal 2016, compared with 33 days at the end of the second quarter of fiscal 2016, and compared with 37 days at the end of the third quarter of fiscal 2015.Other Financial HighlightsIn the third quarter of fiscal 2016, Cisco declared and paid a cash dividend of $0.26 per common share, or $1.3 billion.The remaining authorized amount for stock repurchases under this program is approximately $16.2 billion with no termination date.AcquisitionsDuring the third quarter of fiscal 2016, Cisco completed the following acquisitions:Jasper Technologies -- provides a cloud-based Internet of Things IoT service platform to help enterprises and service providers launch, manage and monetize IoT services on a global scale.Acano -- provides on-premises and cloud-based video infrastructure and collaboration software.Synata -- will enable us to deliver search capabilities for collaboration cloud applications.Leaba -- a fabless semiconductor company whose semiconductor expertise is expected to help to accelerate Cisco'snext generation product portfolio and bring new capabilities to the market faster.CliQr -- provides an application-defined cloud orchestration platform that is expected to help Cisco customers simplify and accelerate their private, public and hybrid cloud deployments.Business Outlook for Q4 Fiscal 2016 Cisco estimates that GAAP EPS will be $0.48 to $0.53 which is lower than non-GAAP EPS by $0.08 to $0.11 per share in the fourth quarter of fiscal 2016 as follows:     Q4 2016    Share-based compensation expense $0.05-$0.06Amortization of purchased intangible assets and other acquisition-related/divestiture costs  0.03- 0.05 Total $0.08-$0.11        Share-based compensation expense is expected to impact Cisco's results of operations in similar proportions as the third quarter of fiscal 2016.
Catherine Jue had spent years working in the technical field, studying things like natural language processing and artificial intelligence.But when handling the accounting for her father s small business, Jue discovered a problem: For the most part, everything was still being done manually.She realized there needed to be a way to automate bookkeeping so that companies are able to focus more on products and customers, improving the accuracy of their finances without breaking the bank.This has given rise to Sway Finance, a fintech startup aimed at automating accounting for Software as a Service SaaS businesses.Together with cofounder Ashwin Kumar, Jue aims to curate all the financial data from bank accounts, Stripe, Gusto, Expensify, and other services to produce real-time reports that let businesses understand how well they re performing.Primarily accessible through Slack, this Y Combinator-backed company has evolved its bot from one that simply provides balances and transactional history to one that does more full-fledged accounting.With its integrations into third-party platforms, Sway Finance automatically generates income statements and balance sheets in real time, no longer requiring accountants to wait until the end of the month.It ll also take care of other financial matters, such as bank reconciliation and journal entry adjustments, so that companies are up-to-date and can easily prepare for tax filings each quarter.We re told that you can query data by date range with a command line request, such as What were the previous day s sales?
Cobalt DL enters the post-trade blockchain space iStockThe fast-moving and competitive world of post-trade blockchains sees a new entrant in the form of Cobalt DL, a distributed ledger technology platform looking to slash costs in the world of FX trade processing.Cobalt DL was co-founded by Andy Coyne, the former CEO of Traiana, which is also working on post-trade blockchain designs with ICAP.The platform completed a proof-of-concept involving a well known bank, and has begun beta testing with a number of big FX participants.Cobalt DL will launch in 2017 with eight leading institutional FX players already committed to the service, said a release.Cobalt DL is looking to free up back and middle office resources that are currently overwhelmed by the need for continuous reconciliation across multiple systems.
the Expert proposes five major step toward reconciliation after the jobs crisis.the Infighting on the job, strikes are often hard on the whole business.But there is help to get if your place of work affected by a conflict that makes it difficult - and in some cases impossible - to continue working together.Stefan Dahlberg, a social worker and organizational consultant, has written books on leadership, crisis support, and crisis management.According to him, is an important first step is to find a third party that can mediate between those who argue - in this case, the different sections of KS ochKI. " In many work conflicts are the two parties who quarrel with each other.
The hotly anticipated Narcos season 2 hits Netflix today, so we'll finally find out if Pablo and the gang destined for a happily ever after ending.But sadly, there's only ten new episodes, so what can you watch when you're all dosed up on season 2 and are hankering after a fix?Luckily, Netflix has it covered - and features a number of other fascinating tv shows and films that will cast a light on the real Pablo Escobar and the murky business of drugs.In 1993, when he was 16, Escobar's son Juan Pablo fled to Argentina and changed his name to Sebastián Marroquín - and didn't talk to anyone.But finally in 2009 he spoke for the first time about his father to film maker Nicolas Entel.The film majors on a theme of reconciliation, as the documentary maker introduces Marroquín to the sons of some of Escobar's highest profile victims.
The hotly anticipated Narcos season 2 hits Netflix today, so we'll finally find out if Pablo and the gang destined for a happily ever after ending.But sadly, there's only ten new episodes, so what can you watch when you're all dosed up on season 2 and are hankering after a fix?Luckily, Netflix has it covered - and features a number of other fascinating tv shows and films that will cast a light on the real Pablo Escobar and the murky business of drugs.In 1993, when he was 16, Escobar's son Juan Pablo fled to Argentina and changed his name to Sebastián Marroquín - and didn't talk to anyone.But finally in 2009 he spoke for the first time about his father to film maker Nicolas Entel.The film majors on a theme of reconciliation, as the documentary maker introduces Marroquín to the sons of some of Escobar's highest profile victims.
A three-year-old schism in the open source hardware project Arduino has been healed.On Saturday, the two rival groups—Arduino LLC Arduino.cc and Arduino Srl Arduino.org —announced that they had "settled their differences," and agreed to merge.At present, the similarly-designed sites both carry the official Arduino logo, and both sell official Arduino products.The electronics platform Arduino describes itself as "the world s leading open-source ecosystem for educators, Makers and IoT developers of all ages."Its board plans are published under Creative Commons CC licences, while its software is released as open source.Ars interviewed one of Arduino's co-founders, Massimo Banzi, back in 2013.
It is also partnered with healthcare API provider Pokitdok, invoicing app Viewpost and analytics provider ClearGraph.To continue providing news and award winning journalism, we rely on advertising revenue.To continue reading, please turn off your ad blocker or whitelist us.Financial conglomerate Capital One is enhancing its Treasury Management Platform and focusing on healthcare applications by partnering with a host of digital technology providers, including blockchain specialists Gem.These new capabilities include a state-of-the-art claims management solution for healthcare clients, as well as natural language search capabilities for the bank's Intellix Mobile application, part of Capital One's digital treasury management platform.Blockchain technology connects the ecosystem to universal infrastructure, and shared infrastructure allows global standards that do not compromise privacy and security, said a statement.
The insurance world is to hold its first Blockchain Insurance Summit in Chicago, Illinois, on 8 November, 2016.While much blockchain focus has been on the banking world, people are beginning to understand that the reconciliation needs of the insurance industry may well be an easier fit for blockchain technology.Raymond Zenkich, managing partner of Red Chalk Group, which organised the event, said: "We are very excited to be hosting a dedicated blockchain event for the insurance industry.This program is the only US program to be 100% focused on insurance with topics covering new blockchain enabled products, consortiums such as R3, regulatory challenges, and emerging identity standards.This new and exciting event brings together industry leaders and technology experts in blockchain to highlight the latest thinking in applying this ground-breaking technology to the insurance industry."Just added to the ticket is Fei Zhang from Allianz who will be discussing their recent announcement regarding the B3i initiative, the Blockchain Insurance Industry Initiative, composed of core members: Aegon, Allianz, Munich Re, Swiss Re and Zurich.
Welcome to the first in an brand new series here on the Madison Logic Blog.We ll corner a leading B2B marketer to see how they feel about account based marketing.Is ABM and content an either/or proposition?For most companies, it s less an either/or choice than it is a reconciliation of the two models.At the margins, sure, it may make sense to go all-in on one methodology.Conversely, if you sell to very small businesses, regardless of industry or location, then inbound or content marketing is going to be much more efficient and cost effective.
Piracy suspect refused to pay the 600 in compensation, when the thing was taken to the market court.Hedman Partners is a law firm, which oversees the copyright holders interests.It will send piracy suspects of letters, which advised to pay hundreds of euros of compensation or otherwise, the case will go to trial.in the Latest case, the suspect was believed to be the one spreading the Black Sails series one episodes illegally.Piracy suspect to refuse to pay compensation, when the incident was brought to the market court for consideration.the Action ended, however the reconciliation immediately after the main hearing at the beginning of 22.11.
Tom Price, R-GA., speaks at a signing ceremony for the "Restoring Americans Healthcare Freedom Reconciliation Act of 2015" at the U.S. Capitol in Washington, Thursday, Jan. 7, 2016.Rep. Price, who is also a physician, is the sponsor of the legislation which is designed to eliminate key parts of President Barack Obama's health care law and to stop taxpayer funds from going to Planned Parenthood.President-elect Donald Trump s nomination of six-term Congress member Tom Price R-GA for secretary of health and human services has inflamed the medical community bigly this week, causing widespread and bitter infighting.Price is not a particularly shocking pick by Trump—the Congressman is one of the fiercest Obamacare critics and Trump vowed during his campaign to quickly repeal and replace the mammoth healthcare law.But he also belongs to a small, fringe, ultra-conservative and conspiracy-laden group called the Association of American Physicians and Surgeons AAPS .Among other things, this group decries evidence-based medicine, Medicare, and Medicaid, plus it has peddled discredited, dangerous notions including that vaccines cause autism.
Alipay is expanding further into Australia s retail sector through its collaboration with Quest Payment Systems, as mainland visitors account for record spending in the country.Alipay, the Chinese online payments powerhouse, is gearing up to further expand into Australia s retail sector through its collaboration with Quest Payment Systems, as mainland visitors account for record spending in the country.Melbourne-based Quest said on Wednesday it had become the first payments technology provider to implement a large-scale, in-store roll-out of the Alipay mobile payments system to retailers in Australia, the sixth largest trading partner of mainland China.The announcement followed Alipay s reported expansion into Europe.Parent Ant Financial Services Group has said it will work with BNP Paribas in France, Britain s Barclays, UniCredit of Italy and Switzerland s Six Group to help establish Alipay, China s largest payments platform, across the continent s vast retail market.In October, the Commonwealth Bank of Australia and Alipay forged an agreement to broaden adoption of the payments system for domestic consumers shopping on Alibaba Group s online retail platforms, and for in-store purchases at Australian stores.
the Us president-elect, billionaire Donald Trump to seek conciliatory tone Wednesday at a meeting of the United states with major technology leaders.Trump was a lot of bridge to build, because during the campaign he spoke profusely, for example, trade restrictions, more stringent immigration policy, and growth regulation."we Want to continue these amazing innovations.Maaimassa is not anyone like you... If we can help your case in any way, we are here to support you," Trump said of the world's most renowned technology leaders consists of the product number of the Wall Street Journal.We don't have a formal chain of command," the future president continued.the rectangular table sat, for example, amazon's Jeff Bezos, Alphabet, i.e. google's Larry Page, apple's Tim Cook, microsoft's Satya Nadella, IBM's Ginni Rometty, intel's Brian Krzanich and tesla's Elon Musk.
Tinder would perhaps have a difficult time getting in on the VR craze.In the thick of the Consumer Entertainment Show on Thursday, the dating app "launched" Tinder VR, a "multiuser VR" experience that is actually just two people wearing a big headset and having a face-to-face conversation."As a tech company, we felt inspired to create a VR headset of our own," reads a blog post on the Tinder website."But here s the thing: our mission has always been to get people together to have real experiences in the real world.Apparently, there is no reconciliation.As far as Tinder's concerned, you just gotta talk — in person.
Enlarge / Speaker of the House Paul Ryan R-Wis. .In a press conference Thursday, House Speaker Paul Ryan R-Wis. confirmed that Planned Parenthood legislation would be in our reconciliation bill when asked about potential defunding.The reconciliation bill is the budgetary tool that Republicans plan to use to dismantle the ACA with a simple majority and without the potential for a filibuster.A straight repeal would require a 60-vote supermajority in the Senate, which the Republicans don t have.A straight repeal would also open the possibility of a filibuster.For more on how that process would work, check out Ars on this matter.
the construction industry the company Lemminkäinen has agreed with the state deny compensation.Lemminkäinen and the Finnish government have agreed to the asphalt cartel damages dispute and cancel the supreme court left the appeal application and complaints.in 2016, the decision remains between the parties to be final.Lemminkäinen according to the reconciliation in the background is the parties to decide the long-running trial and to avoid the additional costs."the settlement agreement does not take the position of the potential compensation criterion of existence.the Finnish state compensation claim in the capital amount was more than 56 million."
A Treasury Committee report finds the current timetable is unworkableParliament s Treasury Committee has concluded that the government s timetable for introducing mandatory digital tax recording and filing in April of next year is unachievable and should be pushed back at least a year.The plan, called Making Tax Digital MTD , would require businesses from a threshhold of £10,000 in revenues to keep digital tax records and file digitally four times a year with a reconciliation at year-end.But in a new report the committee found the scheme in its current form would place unreasonable cost and administrative burden upon very small businesses and has so far insufficiently consulted with the business community to identify other concerns.As a result the programme risks discrediting the government s approach to going digital and threatens the culture of mutual trust and goodwill between HMRC and the vast majority of taxpayers , stated committee chair Andrew Tyrie MP.The government should abandon its plans to implement MTD for businesses under the VAT threshhold of £83,000 and should carry out more extensive pilots, Tyrie said.
NEW YORK/LONDON Reuters - Blockchain technology could help the world s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture.The report, published on Tuesday jointly with benchmarking firm McLagan - part of consultancy Aon Hewitt - is based on an analysis of cost data from eight of the world s ten largest investment banks, and provides a rare concrete estimate of blockchain s potential savings.Originally used to underpin digital currency bitcoin, blockchain is a distributed record of transactions, or other data, maintained by a network of computers on the internet without the need for approval from a central authority.As it creates a shared "golden record" of data that is virtually tamper-proof, it obviates the need for reconciliation and could prove a helpful resource for auditing.Banks and other large financial institutions have been ramping up their efforts to develop blockchain-based technology to run some of their most burdensome back-office processes, such as the clearing and settlement of securities.But many have expressed scepticism over the impact the technology will have, arguing that banks have jumped on the "blockchain bandwagon" for the sake of publicity.
The CBO made the projections based on the most current insurance data and introduced in 2015 by Tom Price R-Ga. , President-elect Trump s nominee for secretary of the Department of Health and Human Services.The legislation, H.R.3762, is designed to dismantle the ACA through budgetary reconciliation.The legislation passed both the House and Senate at the time but was vetoed by President Obama.The GOP has already begun legislative proceedings to once again pass a budgetary reconciliation that would demolish Obama s signature healthcare law.
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