Video Gear Helps to Lift Ciscoâs Profit and Shares
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The Internet equipment maker benefited from growing demand for bigger, faster networks that can handle video.
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Cisco Systems Inc., the world's largest networking equipment maker, said Wednesday its fiscal second quarter profit climbed 7 percent, fueled by sales of a wide range of products and a broad customer base.
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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., the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on rising demand for its networking gear.
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Stocks appeared set to open higher on Wednesday, particularly on Nasdaq, after Cisco Systems Inc.'s  results and outlook exceeded forecasts and reassured investors on prospects for corporate earnings.
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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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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
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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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Cisco Systems gives its Web services business a boost with the acquisition of Reactivity.
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Cisco Systems, the maker of Internet networking equipment, said that it was on track to meet Wall Street's estimates for 13 percent growth in revenue for fiscal 2005.
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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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SAN JOSE, Calif. - Cisco Systems Inc.&#39;s fiscal first-quarter profits jumped 29 percent as the network equipment giant reported continued strength in its traditional markets as well as emerging technologies
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Cisco Systems Inc. , the leading maker of data networking gear, is going into the data-storage business, with a major assist from storage vendor EMC Corp. of Hopkinton.
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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.  on  Wednesday said it has turned the corner on its routers business  and saw growing opportunities to expand its consumer strategy  with new video technologies.
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Stocks rose on Wednesday, driving the Dow Jones industrial average to a record high, after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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Cisco Systems Inc. on Tuesday launched  a Web-based product to help businesses deliver live and  on-demand videos to large groups, in its latest push to expand  into the enterprise video market.