Cisco profit rises as Internet traffic grows
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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. , 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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Stocks rallied on Wednesday, led by gains in the tech sector after Cisco Systems Inc.'s  strong profits and outlook reinforced optimism about earnings.
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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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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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Time Warner Inc.  on Friday posted a higher quarterly net profit boosted by more digital video and cable high speed Internet customers and higher advertising sales at the cable networks.
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The Internet media company's quarterly profit was boosted by stronger online advertising and its acquisition of Overture Services.
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Juniper Networks reported a second-quarter profit of $86.2 million, on a more-than-expected revenue increase of 17 percent.
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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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The communications company said that fourth-quarter profit rose 25 percent as it added more high-speed Internet subscribers.
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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 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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Yahoo Inc. reported on Tuesday a quarterly net profit that more than tripled from the year earlier, boosted by the sale of shares it held in rival Google Inc. and stronger online ad revenue that analysts said may signal good results from other Web search providers.
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Stock futures rose on Wednesday led by a rise in Nasdaq futures after tech bellwether Cisco Systems Inc.  posted a better-than-expected quarterly profit and outlook, reassuring investors about the strength of corporate profits.
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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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Comcast Corp. , the leading  U.S. cable operator, posted higher quarterly profit and revenue  on Thursday, helped by strong growth in subscribers across its  video, phone and high speed Internet services.
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Google said today that its quarterly profit rose as its ability to capitalize on Web advertising gained momentum against rivals such as Yahoo and Microsoft.