Cisco CEO Jun Bosi: To fight Huawei globally

Today, Cisco held an analyst meeting. In the current uncertain economic situation, Cisco CEO John Bois still optimistic about consumer spending on technology, and that emerging markets will promote growth.

Not long ago, Chambers claimed that Cisco had been derailed and made a big reorganization in April. At the analysts’ meeting, Qian Bosi threatened to start a battle with Huawei on the main battlefield and fight against Huawei globally. He also said that Huawei is the most difficult opponent to cope with.

Chambers said that currently, Cisco's growth rate in emerging markets is 20%. He wants to increase the long-term growth rate to 40%. At the same time, Chambers said that it has seen positive signals from existing customers.

Cisco executives expect the annual sales growth rate to remain at 5-7% in 2014. At the beginning of this year, Cisco also expects the growth rate to be 12-17%. In the next three years, Cisco expects the growth rate of earnings per share to be 7-9%, and the operating profit margin is about 25%. Cisco said that in order to cut costs, a total of 12,700 people have been cut. Despite layoffs, Chambers still said "very aggressive" for small acquisitions.

In the router and switch market, Qian Bo also attacked two major competitors. He said JnniperNetwork "is the most vulnerable company I have ever seen" and he also said that Cisco's strategy is to defeat HP.

Cisco has been restructured since August and investors are cautious about Cisco stocks. In the long run, Cisco will pay more attention to profits than sales, but Chambers has not given specific sales targets.