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

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News