News Column

Cisco Reports Profits and Income Both Up

May 15, 2013
Cisco headquarters (file photo)
Cisco headquarters (file photo)

Networking company Cisco reported higher earnings and revenue Wednesday, signifying the company is making progress in its long-running turnaround.

The Silicon Valley bellwether said that third-quarter net sales rose 5 per cent to 12.2 billion dollars. Income rose 14 per cent to 2.5 billion dollars.

"Cisco is executing at a very high level in a slow, but steady economic environment. We are starting to see some good signs in the US and other parts of the world which are encouraging," stated Cisco chairman and chief executive John Chambers.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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