Connections +
News

Ovum comments on Cisco’s Q3 results

Cisco Systems Inc. today reported its third quarter results for the period ended April 26, 2008.


May 6, 2008  


Print this page

Cisco Systems Inc. today reported its third quarter results for the period ended April 26, 2008.

The company reported third quarter net sales of US $9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of US$1.8 billion or US$0.29 per share, and non-GAAP net income of US$2.3 billion or US$0.38 per share.

“In the quarter, Cisco delivered solid financial results driven by our focus on innovation, our broad and growing global footprint, and our teams’ focus on delivering results,” said John Chambers, company chairman and CEO.

David Molony, principal analyst with research firm Ovum said investment analysts were looking for a 10% increase in revenues at Cisco and got 10.4%, “so it’s job done and smiles all round at the Cisco offices.

“Except that when you are the top dog in networking equipment for carriers and enterprises (25% market share in both sectors) you cannot stop. You have to get up the next day and do it all over again.”