Printed from http://www.electronista.com

Cisco beats estimates on $2.6 billion net income

updated 06:14 pm EST, Tue November 13, 2012

Cisco records $11.9 billion in revenues

Cisco Systems reported earnings for the most recent financial quarter today, revealing quarterly revenue and earnings that beat the average Wall Street analyst estimates. The networking equipment manufacturer reported a six percent jump in revenue year-over-year, totaling $11.9 billion. Wall Street had expected Cisco to log about $11.77 billion in revenue for the quarter.

Cisco also saw a jump in its first quarter net income, up 10.6 percent year-over-year to $2.6 billion, or 48 cents per share. Analysts had expected 46 cents per share.

Analysts attributed Cisco's outperforming estimates to a greater emphasis on routing combined with an ongoing effort to reduce operational expenses partly through staffing reductions.

Cisco also outperformed analysts' expectations last quarter, pulling in $100 million more than Wall Street had expected. Since killing off its Cius tablet earlier this year, the company has refocused its efforts on a group of core functions, including routing, virtualization, and enterprise-oriented services.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Advertisement

toggle

Most Commented

 
toggle

Popular News