Cisco posts higher 2Q profit, sales
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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 Inc. CSCO.O, the  biggest maker of gear to direct traffic over the Internet, on  Tuesday said it was on track to meet Wall Street's fiscal 2005  revenue growth estimates, but signaled that profit margins were  under pressure.
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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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Research In Motion Ltd., which makes the BlackBerry handheld device and other mobile products, on Thursday said its second-quarter profit rose significantly on improved sales.
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Cisco Systems (NASDAQ: CSCO) has scheduled a conference call on Tuesday, February  6, 2007 at 1:30 PM (PT) to announce its second quarter fiscal year 2007 financial results.
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Cisco Systems Inc. surprised investors  on Tuesday with a stronger-than-expected outlook and quarterly  profit as demand for network equipment to handle Web traffic  showed no signs of weakening, driving its shares up 5 percent.
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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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Cisco Systems Inc.'s second-quarter profit surged nearly 40 percent as the world's largest maker of networking gear benefited from equipment upgrades to support bandwidth-hogging video downloads.
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The biotechnology company earned $186.1 million during the second quarter, citing strong sales of two drugs.
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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 Inc. (CSCO), the biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on stronger demand for
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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 aftermarket trading amid concerns about weak revenue  and rising inventory.
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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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Apparel retailer J. Crew Group Inc  on Wednesday posted a second-quarter net profit, helped by robust sales and higher gross margins.
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By JORDAN ROBERTSON  SAN FRANCISCO - Despite a robust second quarter and a sunny financial forecast, networking equipment maker Cisco Systems Inc. is coming under intense scrutiny over fears about the company's ability to sustain its torrid growth rates.
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Internet switching equipment  maker Juniper Networks Inc. JNPR.O on Tuesday posted  quarterly net income that more than quadrupled, helped by  rising sales of high-end routers and a strong performance  across its product lineup.
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Cisco Systems, the largest maker of Internet networking equipment, said its first-quarter profit rose 29 percent.