Cisco profits up 43.5% in Q2

Cisco has announced a 43.5% rise in profits for its second quarter of FY2012
Cisco has announced a 43.5% rise in profits for its second quarter of FY2012
Cisco has announced a 43.5% rise in profits for its second quarter of FY2012

Share

The company saw sales up 11% year-on-year, to $11.5 billion, and net GAAP income up to $2.2 billion.

The results for the quarter to end of January 2012 beat analyst expectations, and follow on from cost cutting measures, that saw the company shed 6,000 jobs in 2011.

Cisco chairman and CEO John Chambers said that the company's plan was paying off, and that the company had seen strong sales in data centres and the enterprise segment. Cisco has also gained over 10,000 customers worldwide for its Unified Computing System, which integrates computing, networking, management and virtualization, since its launch two years ago.

Chambers said in a company statement: "We delivered strong performance this quarter with record revenue and earnings per share. We are executing well on our three-year plan to drive earnings faster than revenue. Our operational focus continues to yield positive results -- we hit our billion dollar expense reduction a quarter early -- and our ongoing innovation enables our customers to solve their critical business needs. You will continue to see a focused and aggressive Cisco that is helping our customers use intelligent networks to transform their businesses."
 

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story