Menu
Cisco posts solid financial report

Cisco posts solid financial report

For its first quarter, Cisco posted net income that is about the same as it was a year earlier.

Despite the worsening economic situation, Cisco Systems posted solid financial results for its first quarter, including sales of US$10.3 billion.

That figure is up 8 percent compared to the same period last year.

Net income for the quarter, which ended Oct. 25, was $2.2 billion, using generally accepted accounting practices. That's just about the same as the net income the networking giant reported in the same period last year.

Not counting certain charges, Cisco earnings per share for the quarter were $0.42, beating analyst expectations of $0.39, as polled by Thomson Reuters.

Cisco thinks that demand for its networking products will continue to be strong despite the economic downturn because networks drive productivity, the company said in a statement.

(More to follow.)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington

This exclusive Reseller News Exchange, in association with Arrow ECS ANZ, ForeScout and StorageCraft, went on the road to debate the early implications of GDPR in New Zealand, extracting opportunities while evaluating challenges for the channel in the year ahead.

Kiwi channel debates GDPR as Reseller News Exchange hits Wellington
Show Comments