Menu
Cisco posts Q3 profit and growth

Cisco posts Q3 profit and growth

Cisco Systems has reported strong growth in revenue and profit for a fiscal third quarter in which it made several acquisitions to help power Web 2.0 developments

The dominant network vendor's revenue rose to US$8.9 billion for the quarter, up 21 percent from the same quarter a year earlier. Net income grew almost 34 percent to $1.9 billion, for earnings per share of $0.30, on a GAAP (generally accepted accounting principles) basis.

During the quarter, which ended April 28, Cisco acquired online collaboration vendor Webex Communications for $3.2 billion and also bought social networking technology developer Five Across and some assets of Utah Street Networks, another social networking company.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags cisco

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments