Cisco Beats Expectations With Strong First Quarter

 
 
By eweek  |  Posted 2003-11-10 Email Print this article Print
 
 
 
 
 
 
 

Cisco last week reported higher sales and profits for its first quarter, a strong signal that corporate spending on networking equipment is rebounding after two years of declines.

Cisco last week reported higher sales and profits for its first quarter, a strong signal that corporate spending on networking equipment is rebounding after two years of declines.

Cisco earned $1.09 billion for the three months ended Oct. 25 compared with a profit of $618 million for the same period last year, while sales jumped 5.3 percent, to $5.1 billion from $4.85 billion.

The results beat Wall Streets expectations. Analysts were expecting the company to post a profit of 15 cents per share on sales of $4.86 billion.

 
 
 
 
 
 
 
 
 
 
 

Submit a Comment

Loading Comments...

 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
 
 
Rocket Fuel