Networking equipment maker Cisco posted a
44-per-cent rise in profits Wednesday as over two years of
reorganization and cost-cutting appeared to have paid off.
The company, which makes the routers and data equipment that run
much of the internet's traffic, said it earned 3.1 billion dollars in
its fiscal second quarter, compared to 2.2 billion dollars a year
earlier.
Revenue rose 5 per cent to 12.1 billion dollars from 11.5 billion
dollars in the year-ago quarter.
"Cisco delivered record earnings per share this quarter and record
revenue for the 8th quarter in a row in a challenging economic
environment," said John Chambers, Cisco chairman and chief executive
officer. "We continue to drive the innovation, quality and leadership
our customers expect, and we remain focused on consistent returns to
our shareholders."
