CiscoR reported its second quarter results.
CiscoR, the worldwide leader in networking that transforms how people connect, communicate and collaborate, reported its second quarter results for the period ended January 26, 2008. Cisco reported second quarter net sales of USD9.8 billion, net income on a generally accepted accounting principles (GAAP) basis of USD2.1 billion or USD0.33 per share, and non-GAAP net income of USD2.4 billion or USD0.38 per share.
"Cisco delivered another solid quarter with strong revenue and order growth driven by a broad base of geographies, products, services and customer markets," said John Chambers, chairman and CEO, Cisco. He adds, Cisco's ability to understand market transitions, whether technology or business model-based, continues to be a key contributing factor to our long-term success.
Chambers continued, as they enter the second half of the fiscal year, their innovation pipeline is in excellent shape, balanced product momentum across core and advanced technologies continues to be solid, and execution against long-term strategy remains unwavering.
Currently, Cisco net sales for the first six months of fiscal 2008 were USD19.4 billion, compared with USD16.6 billion for the first six months of fiscal 2007. Net income for the first six months of fiscal 2008, on a GAAP basis, was USD4.3 billion or USD0.68 per share, compared with USD3.5 billion or USD0.56 per share for the first six months of fiscal 2007. Non-GAAP net income for the first six months of fiscal 2008 was USD4.9 billion or USD0.78 per share, compared with USD4.0 billion or USD0.64 per share for the first six months of fiscal 2007. |
