Cisco Systems Q2 net income increases
Feb 15, 2013 (Datamonitor via COMTEX) --
Cisco Systems, Inc. has reported that net income for the second quarter ended January 26, 2013 was $3.14 billion, or $0.59 per diluted share, compared to $2.18 billion, or $0.4 per diluted share, for the same quarter ended January 28, 2012.
Total net sales for the second quarter ended January 26, 2013 were $12.1 billion, compared to $11.53 billion for the same quarter ended January 28, 2012.
Net income for the six months ended January 26, 2013 was $5.23 billion, or $0.98 per diluted share, compared to $3.96 billion, or $0.73 per diluted share, for the same period ended January 28, 2012.
Total net sales for the six months ended January 26, 2013 were $23.97 billion, compared to $22.78 billion for the same period ended January 28, 2012
"Cisco delivered record earnings per share this quarter and record revenue for the 8th quarter in a row in a challenging economic environment. We continue to drive the innovation, quality and leadership our customers expect, and we remain focused on consistent returns to our shareholders," said John Chambers, Cisco chairman and CEO.
"In terms of the future, we are making solid progress towards our goal of becoming the 1 IT company in the world. As new markets grow and are created, such as the Internet of Everything, it's very easy to see how the intelligent network is at the center of that future. Our customers already understand that Cisco has the architectures, solutions and services to best help them deliver the business results they need and we are honored to work with them and serve them each and every day."
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