Cisco Q3 profit climbs 14.5%

Enterprise Innovation Editors
17 May 2013
00:00
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Daily News

Cisco reported a 14.5% year-on-year surge in its net income in its fiscal third quarter to $2.5 billion.

Net sales rose 5.4% to $12.2 billion, which Cisco chairman and CEO John Chambers said represented the company’s ninth consecutive record revenue quarter.

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

He said the company was benefiting from opportunities arising from cloud, mobility and video all coming together to deliver the Internet of Everything.

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