Cisco's Q2 Profit Surges 40 Percent
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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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Cisco Systems has unveiled a 40% jump in quarterly profits, lifted by equipment able to support video downloads.
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Hewlett-Packard Co., the world&#39;s No. 2 personal-computer maker, said fourth-quarter profit rose 27 percent, exceeding its forecast, as sales of servers rebounded and PC revenue set a record.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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Norwegian telecommunications operator Telenor ASA on Tuesday said second-quarter profit rose 42 percent as the company benefited from higher sales. via Forbes
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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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Morgan Stanley  on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as most of its trading and investment-banking businesses achieved record results.
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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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Morgan Stanley  on Wednesday said its second-quarter profit rose 40 percent, trouncing expectations as a number of trading and investment banking businesses achieved record results.
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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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(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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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 biggest maker of equipment that directs data over the Internet, on Tuesday said quarterly earnings rose 29 percent on stronger demand for gear such as wireless networks and Internet telephone equipment.
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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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Strong sales of aerospace and industrial control systems helped boost Honeywellâs second quarter profits.
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YESTERDAY Close $27.28 Change -$0.23 52-WEEK High $28.99 Low $17.10 Cisco Systems Inc., the world's biggest maker of computer networking equipment, said second-quarter profit rose 40 percent as customers upgraded their communications systems for video.
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Oracle Corp  said on Wednesday that quarterly profit rose 35 percent as new software sales soared 38 percent, beating Wall Street expectations at a time when investors are nervous that IT spending is slowing.