Cisco

Cisco earns 14c, revenue $4.71b (CSCO) by Chris Kraeuter
 
Cisco Systems (CSCO) reported fiscal second-quarter earnings of $991 million, or 14 cents a share, on revenue of $4.71 billion. Excluding charges, the networking products manufacturer earned 15 cents a share compared with Wall Street's expectation for earnings of 13 cents a share.


 

Cisco Posts Profit but Sales Slip
Tuesday February 4, 4:16 pm ET

SAN JOSE, Calif. (Reuters) - Cisco Systems Inc. (NasdaqNM:CSCO - News),
the No. 1 maker of equipment that directs Internet traffic, on Tuesday posted a
higher quarterly profit from a year ago, but also reported lower sales amid the
technology spending slowdown.

The company, based in San Jose, California, had net income in its fiscal
second quarter of $991 million, or 14 cents a share, compared with $660
million, or 9 cents a share, in the year-ago quarter.

Excluding one-time items, it earned 15 cents a share, compared with 9 cents
last year.

Revenue in the second quarter slipped to $4.7 billion from $4.8 billion a year
earlier


 

 

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