Cisco Reports Second Quarter Earnings

Posted: February 18, 2008 in Tech

Cisco reported its second quarter results for the period ended January 26, 2008. Cisco reported second quarter net sales of USD9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of USD2.1 billion or USD0.33 per share, and non-GAAP net income of USD2.4 billion or USD0.38 per share.

“Cisco delivered another solid quarter with strong revenue and order growth driven by a broad base of geographies, products, services and customer markets,” said John Chambers, chairman and CEO, Cisco. He adds, Cisco’s ability to understand market transitions, whether technology or business model-based, continues to be a key contributing factor to our long-term success.

Chambers continued, as they enter the second half of the fiscal year, their innovation pipeline is in excellent shape, balanced product momentum across core and advanced technologies continues to be solid, and execution against long-term strategy remains unwavering.

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