Cisco posts strong Q3 revenue, profit growth

Cisco revenue rose 21 percent and profit went up almost 34 percent in its fiscal third quarter

Cisco Systems on Tuesday reported strong growth in revenue and profit for a fiscal third quarter in which it made several acquisitions that it expects to help power Web 2.0.

The dominant network vendor's revenue rose to $US8.9 billion for the quarter, up 21 percent from the same quarter a year earlier. Net income grew almost 34 percent to $US1.9 billion, for earnings per share of $US0.30, on a GAAP (generally accepted accounting principles) basis.

Excluding certain items, net income was $US2.1 billion or $US0.34 per share, beating the consensus forecast of analysts polled by Thomson Financial by $US0.01 per share and more than $US100 million of revenue on a non-GAAP (generally accepted accounting principles) basis.

During the quarter, which ended April 28, Cisco acquired online collaboration vendor WebEx Communications for $US3.2 billion and also bought social networking technology developer Five Across and some assets of Utah Street Networks, another social networking company.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?