Cisco Achieves 79 Per Cent Rise in Profit
Multinational hardware giant Cisco has reported strong Q4 results, with sales of $10.8bn. This is an increase of over than 28 per cent compared to the same period last year.
For the company's Q4 period, which ended on the 31st July,the company's net income rose from $1.1bn to $1.9bn which is an increase in profit of 79 per cent.
Cisco's chairman and CEO John Chambers says, "Whether the global economy continues to show mixed signals or not, the strength of our financial model and profit generation serves us well. As we continue to successfully grow our business and share of IT investments, our focus is squarely on helping our customers accelerate productivity and growth.
"We are very confident in our strategy, and will continue to aggressively move into new areas where the network is becoming the platform, and where our customers want us to invest and innovate."
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