Cisco Systems 2Q profit jumps 40 percent
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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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By JORDAN ROBERTSON  SAN FRANCISCO - 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.  For the quarter ended Jan.
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Package delivery company FedEx Corp.   FDX.N said on Thursday its quarterly profit jumped 40   percent, beating expectations, on strong growth in its ground   and freight segments.
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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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Cisco Systems (nasdaq: CSCO - news - people ) posted first-quarter results Tuesday, and investors are likely jumping like the firm&#39;s financials: Profit rose 29%, as the network equipper cited strong activity in both its traditional arenas as well as in
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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., the world&#39;s largest maker of computer-networking equipment, said first- quarter profit rose 29 percent amid demand for Internet phones and devices that link homes to the Web.
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The online retailerâs revenue was up 42 percent in its fourth quarter and its profits more than doubled, but its profit margins were lower.
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Cisco Systems has unveiled a 40% jump in quarterly profits, lifted by equipment able to support video downloads.
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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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Juniper Networks Inc , the world's second-largest maker of routers for the Internet, reported on Tuesday a 46 percent jump in quarterly profit, but its shares fell after the results missed some investors' raised expectations.
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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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Network equipment maker Juniper  Networks Inc. JNPR.O on Thursday said quarterly earnings  rose, driven by good results in its mainstay routing and  security markets.
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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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Swedish aviation and defence group Saab said Friday its second-quarter profit soared by 45 percent, exceeding analysts&#39; expectations, owing to strong sales despite a plunge in orders.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Cisco Systems Inc. on Tuesday reported significant gains in earnings and revenue for its fiscal 2005 first quarter that met analyst expectations.