Connections +
News

Cisco reports record quarterly results

Cisco Systems Inc. recently reported first quarter net sales of US$11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of US$2.1 billion or $0.39 per share, and non-GAAP net income of US$2.6 billion or $0.48 per...


November 19, 2012  


Print this page

Cisco Systems Inc. recently reported first quarter net sales of US$11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of US$2.1 billion or $0.39 per share, and non-GAAP net income of US$2.6 billion or $0.48 per share.

“We delivered record results this quarter — with revenue growth of 6% and strong earnings per share growth,” said company chairman and CEO John Chambers

“Cisco is at the center of the major market transitions — cloud, mobility, video — and yet we believe the largest market transition lies ahead of us, as the Internet of Everything becomes a reality. (It) will create unprecedented possibilities for businesses, individuals and countries ….”