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General

Cisco revenues, orders grow 1% in October quarter

Thursday 13 November 2014 | 08:59 CET | News
Cisco reported revenues of USD 12.2 billion for its fiscal first quarter to 25 October, up 1 percent year-on-year. Net profit totaled USD 1.8 billion or USD 0.35 per share, down from USD 2.0 billion or USD 0.37 a share a year ago. The gross margin increased to 63.3 percent from 63.0 a year ago, and adjusted EPS improved 1.9 percent to USD 0.54. CEO John Chambers said the company was pleased with the results, which showed its strongest Q1 ever. The main growth areas remained data centres, wireless and security, while the main switching business grew sales 3 percent to USD 3.85 billion. While

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Categories: General
Companies: Cisco
Countries: World
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