Strong Cisco revenue surprises analysts

Article Abstract:

Cisco System Inc. posted its 11th consecutive quarter of revenue growth with a fourth quarter of $5.72 billion. The Internet-switching equipment maker, doing about $19 billion of business per year, expects revenue to grow to about 50% for the new fiscal year beginning, just short of the 61% growth rate recorded this fiscal year over last year. With rising sales of computer networking switching equipment and the growth in the Internet, Cisco enjoys a cash position of more than $20 billion. The company also announced the departure of Don Listwin, Executive Vice President responsible for selling Cisco's equipment to telephone companies.

Statistical Data Included, Telecommunications switching equipment

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Cisco net rises 29%, riding Web growth; networking firm's revenue jumps 48% as forecasts are topped once again

Article Abstract:

Cisco Systems Inc.'s fiscal fourth-quarter earnings have again topped Wall Street expectations. Cisco sells computer networking equipment and services. The company, headquartered in San Jose, CA, has posted $727 million in earnings, up from last year's $525 million and revenue of $3.55 billion from $2.4 billion, percentage increases of 38 and 48, respectively. This fiscal year Cisco reports net income of $2.1 billion up from last year's $1.36 billion and revenue of $12.15 billion up from $8.49 billion. The greatest growth has come from business with telecommunications companies buying Cisco's routers that funnel computer and telephone traffic to the Internet and then direct that traffic.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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