TechTarget

Cisco sales and profits up

Cisco Systems has reported increased sales and net profits for the third quarter ended 30 April.

Cisco Systems has reported increased sales and net profits for the third quarter ended 30 April. 

Sales were $6.2bn (£3.35bn) compared to $5.6bn (£3.02bn) in the same quarter last year, an increase of over 10%.

Net profits for the quarter were $1.4bn (£756m) compared to $1.2bn (£648m) last year. During the third quarter Cisco completed the acquisitions of wireless Lan company Airespace and Protego Networks.

"Today's results are a clear indication that our integrated technology strategy is working - customers are realising the benefits of intelligent network architecture," said John Chambers, Cisco chief executive officer. 

"The long-term momentum we are seeing across our product families, geographies and market segments clearly points to Cisco's strong competitive advantage," he said.

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