Cisco Systems has posted an 18% increase in sales but
falling net profits for its third quarter.
Cisco's total sales rose to $7.3bn (£4.2bn) in the third quarter
compared with $6.2bn in the same quarter last year.
The sales rise included $407m from Scientific Atlanta, which
Cisco officially acquired in February.
Cisco's net profits fell slightly. Net income fell to $1.4bn
from $1.41bn a year ago.
Cisco chief executive officer John Chambers claimed Cisco had
enjoyed a “strong” quarter, despite the profits fall, which was
partly down to acquisition and stock compensation costs.
The company said it expected sales for the fourth quarter to
rise by up to 21%, helped along by Scientific Atlanta’s sales
contribution. Excluding Scientific Atlanta, Cisco said it expected
sales to rise between 10% and 12.5%.
Scientific Atlanta is a digital content systems company.
