Despite Rise in Profit, Cisco Eases Its Forecast
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending.
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CEO says firm saw no sales slowdown. Could results help calm waters after bad news from HP and Cisco?
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Cisco Systems has reported first-quarter profits of $1.4 on sales of $6 billion. Despite cautious spending by its corporate customers, softness in the global economy and a lingering uncertainty over whether
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The network equipment maker reported that its quarterly net income grew 7.2 percent amid growing concern that economic weakness could affect technology spending this year.
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Cisco Systems Inc. Chief Executive Officer John Chambers said sales growth will slow this quarter and it&#39;s ``too early to say&#39;&#39; whether customers are becoming more optimistic about the economy.
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(InfoWorld) - Cisco posted net income of $1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts. A consensus of analysts who follow Cisco estimated it would earn $0.31 per share, not including stock-based compensation, on revenue of $8.279 billion, according to a report from Thomson Financial. Revenue grew by more than 27 percent from $6.6 billion and net income on a GAAP (generally accepted accounting principles) basis grew 39.7 percent from $1.4 billion compared to the year ago quarter. Earnings per share rose 40.9 percent from $0.22 a share compared to the year ago quarter. Excluding certain expenses, Cisco, a maker of computer networking equipment, earned $2.1 billion, or $0.33 a share in the quarter ended Jan. 27.
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Plus: Cisco posts higher quarterly profit...RealNetworks reports leap in quarterly earnings...Time Warner earnings perk up. Check back for latest.
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Cisco Systems, the world's biggest maker of computer-networking equipment, said Tuesday that second-quarter profit rose 40 percent as customers upgraded their communications systems for video.  Net income in the period ended Jan.
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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, but shares fell in after market trading amid concerns about weak revenue and rising inventory.
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Cisco Systems, the biggest maker of equipment that directs data over the Internet, said Tuesday its quarterly earnings rose 29 percent with stronger demand for its networking gear.
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The software maker said its profit slipped in the fourth quarter even as sales edged higher, and forecast revenue from software sales and services of about 14 percent in 2008.
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Cisco Systems Inc has posted an unexpected 40% profit jump on 27% higher sales for its second fiscal quarter.
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The blue-chip Dow average declined  slightly, while the Nasdaq and the S&P 500 were little changed  on Tuesday as investors waited for an expected quarter-point  hike in U.S. interest rates and results from technology  bellwether Cisco Systems Inc. CSCO.O.
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US stocks were volatile on Thursday after Cisco (NASDAQ:CSCO)'s downbeat outlook added to concerns about the prospects for corporate tech spending.
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Cisco Systems Inc.  said on  Tuesday its quarterly net profit rose as customers bought more  network equipment in response to growing Internet traffic.
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Cisco Systems Inc. CSCO.O, the  largest maker of communications gear to direct traffic over the  Internet, on Tuesday said quarterly earnings rose, but shares  fell in after market trading amid concerns about weak revenue  and rising inventory.
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Cisco Systems Inc. (csco.o) on Tuesday  reported quarterly revenue and income that exceeded market  expectations as companies upgraded their networks, sending its  shares up 9 percent.