Home News WSJ: Cisco achieved in the third Quarter profit jump of 63%

WSJ: Cisco achieved in the third Quarter profit jump of 63%

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By Don Clark
THE WALL STREET JOURNAL 


SAN FRANCISCO (Dow Jones) – U.S. network equipment supplier Cisco System in the third quarter of attractive Investments in technology companies and a net profit jump recorded. The profit rose 63% to 2.19 (1.35) billion, or $ 0.37 (0.23) per Share, such as Cisco Systems Inc reported on Wednesday. Sales in the most 25th That end in April quarter increased 27% to 10.37 (8.16) billion USD.

The group from San Jose is confident that the good Conditions in the coming quarters to continue. is included in the figures one one-time tax benefit and costs of hedging Currency risks associated with the recent acquisition of Norwegian video conferencing specialist Tandberg. Without these and other Effects the Cisco earnings at $ 0.42 per share.

This quarter was probably the strongest that we in our History had, "CEO John Chambers said in a telephone conference with Analysts.

The turnaround in demand, which began with consumers and has now reached the company seems to be almost as strong be, as before the recession slump. The technology sector was in the second half of 2008 by the economic crisis been taken.

In the current quarter, Cisco expects a sales increase between 25% and 28% over the same period last year, including contributions from Tandberg. Gross margin in the third Quarter at 65.3% was likely to move between 64% and 65% said Chief Financial Officer Frank Calderoni.

   

Website: www.cisco.com

- From Don Clark, The Wall Street Journal;
+49 (0) 69 29 72 51 10, unternehmen.de @ dowjones.com

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(END) Dow Jones Newswires

May 13, 2010 00:50 ET (04:50 GMT)

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