Networking giant Cisco Systems has reported third-quarter revenues of US$7.3bn, compared with US$6.6bn a year earlier. Cisco CEO John Chambers said the strong results were driven by growth in the US and emerging technology markets.
For the third quarter Cisco reported a profit of US$1.4bn. The company said it had cash and cash equivalents and investments of some US$18.2bn by the end of the third quarter.
During the quarter Cisco completed the acquisition of Scientifica-Atlanta and SyPixx Networks.
Chambers said the network is now the primary driver of IT. “Cisco’s third quarter was marked by record revenues and strong results in orders and earnings per share,” he said. “We saw a number of highlights this quarter, notably the growth of our US and emerging markets, the continued strength of the commercial market segment and advanced technologies and the balanced performance across most of our key product categories.
“The technology industry is being redefined as intelligence moves throughout the network,” Chambers continued. “Not only is the network becoming the primary driver of IT but it is also driving all forms of communications. Cisco anticipated this market evolution years ago and today we are seeing the benefits from our investments. We believe Cisco is uniquely positioned to enable the future of IT and communications.”
By John Kennedy
