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Networking specialist Cisco this week reported its third quarter earnings for the period ended May 1, 2010, noting third quarter net sales of $10.4 billion. Net income (GAAP) came out to $2.2 billion, or $0.37 per share, while non-GAAP net income reached $2.5 billion, or $0.42 per share.
"Our financial results were outstanding, achieving record level revenue and earnings per share results. We witnessed a return to strong balanced growth across geographies, products and customer segments that we haven't seen since before the global economic challenges began. We emerge from this downturn gaining market share, a larger share of the total wallet spend of our customers, dramatically improved customer relations as a trusted technology and business partner, and having next-generation products in almost every product category. It is clear that our game plan for how to handle economic downturns is hitting on all cylinders," said John Chambers, chairman and CEO of Cisco.
Chambers went on to say that Cisco's operations exceeded expectations in every measurement perspective, including revenues, earnings per share, new products, successful acquisitions, and internal startups. In other words, it was a heck of a quarter for Cisco.
Much more here.
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AirPower4ever
May 14, 2010 at 6:53am
Outstanding 3rd quarter. Hmmm, let's ask a question. Do they have the same amount of staffing as in 2007? Come on guys, quit with the "we are doing great" routine, gets boring and you are insulting us real people. Cutting jobs and then saying "look how much we made" is a lie coupled with then your stocks which now you want us to jump in because of these numbers.
Read the Import/Export ratio and that will tell us what is really going on!!!!!!
Everything changes but change itself
