Cisco Profit Rises on New Technologies
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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, benefiting from higher sales in advanced technologies and the impact of a year-earlier accounting change.
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Cisco Systems, the IT systems producer, records a strong start to the year with first quarter profits rising 29%.
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Networking giant Cisco Systems posted solid financial results Wednesday, crediting the company&#39;s broad customer base and new products for strong sales growth.The company&#39;s earnings were in line with financial expectations. Excluding charges, earnings were $2.4 billion, or $0.38 per share, on $9.8 billion in revenue. Financial analysts had been expecting earnings of $0.38 per share on $9.78 billion in revenue, according to a survey by Thomson Financial.Sales were up 16.5 percent year over year for Cisco&#39;s second fiscal quarter of 2008, which ended Jan. 26.Cisco, the world&#39;s largest router manufacturer, has benefitted from the growth of Internet traffic over the past decade and -- more recently -- from the flurry of investments in Web 2.0 technologies. But there have been signs recently that growth may be slowing in this area. Just last week, Google alarmed Wall Street by&#160;falling just short of expectations, and worries of a U.S. recession may have caused jitters in U.S. stock markets recently.In a statement, Cisco chairman and CEO John Chambers expressed optimism for the months ahead, however. &quot;Our innovation pipeline is in excellent shape,&quot; he said, &quot;and execution against our long-term strategy remains unwavering.&quot;
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Juniper Networks Inc. on Thursday reported a 73 percent jump in fourth-quarter profit on strong networking-gear sales.
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Cisco Systems Inc  posted a 7.2 percent rise in quarterly profit on Wednesday as demand for network equipment from telephone companies was steady despite the slowing U.S. economy.
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But the networking company&#39;s first-quarter results are the sixth straight quarter of revenue growth. By Paul Travis. Market leading networking vendor Cisco Systems on Tuesday reported that sales growth in its first fiscal 2005 quarter, ended Oct.
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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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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.
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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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AT&T Inc.  on Tuesday posted  higher quarterly profit, bolstered by strong growth in wireless  and high-speed Internet services.
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U.S. tech stocks rose on Wednesday, boosted by Cisco Systems Inc.'s  strong profits and outlook which reinforced optimism about earnings, while blue chip stocks pared gains as the price of oil fell.
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Lucent Technologies&#39; quarterly earnings rose sharply, helped by improvement in its wireless networks business and lower costs, the company said Wednesday.
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Cisco Systems, the largest maker of Internet networking equipment, said its first-quarter profit rose 29 percent.
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Cisco Systems Inc.'s  strong  quarterly results and upbeat outlook pushed up tech shares on  Wednesday, cheering investors who had beaten down the sector  after weak results from other tech heavyweights.
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DECEMBER 13, 2004  - SAN JOSE -- Cisco Systems Inc.&#39;s prices have typically been higher than those charged by its smaller networking rivals.
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Oracle Corp. ORCL.O on Thursday   posted a higher quarterly profit, helped by   stronger-than-expected new software license revenue.
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Cisco Systems Inc.'s fiscal first-quarter profits jumped 29 percent as the network equipment giant saw growth in its traditional routing markets as well as its emerging technologies like Internet telephone and home networking gear. -AP