|
Updated: 5:28 PM Feb 8, 2012
Cisco Reports Huge Jump
Company says net income rose 44 percent
Posted: 5:28 PM Feb 8, 2012 |
|
NEW YORK (AP) -- Cisco, the world's largest maker of computer
networking equipment, says its net income jumped 44 percent in the
latest quarter as it continues to put last year's slump behind it.
Cisco Systems Inc. has emerged leaner after a round of layoffs
and a narrowing of its focus.
Net income was $2.2 billion, or 40 cents per share, in the
fiscal second quarter, which ended Jan. 28. That compares with
earnings of $1.5 billion, or 27 cents per share, a year ago.
Excluding the cost of stock-based compensation and some
acquisition-related amortization, Cisco earned 47 cents per share.
Analysts polled by FactSet had expected earnings of 43 cents per
share on that basis.
Revenue was $11.5 billion, up 11 percent from $10.4 billion a
year ago. Analysts expected $11.2 billion.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
AP-NY-02-08-12 1623EST
 |
Get the ingredients you need to cook with Rach all week long. |
 | |
 |
Today's Hits, Classics & Soaps. Don't miss an episode. |
| |
 |
Full length exclusive concerts from hot artists. |
| |
 |
Double Dollar Deals Double your money at these local businesses. |
| |
 |
Take a break! Classic Pacman, Frogger, Asteroids and more. |
| |
 |
FREE Listings Sell almost anything locally. |
| |
