Feeds

Cisco sees 40 per cent revenue hike in Q2

Great Stan of Routers continues to rake it in, despite acquisitions

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Cisco yesterday posted profits of $606 million on sales of $2.83 billion for its second quarter of fiscal 1999. That compares to profits of $457 million and revenues of $2.02 billion for the same period last year, increases of 33 per cent and 40 per cent, respectively. The Q2 99 profit quoted by Cisco excludes the write-off of purchased in-process R&D arising out of the company's acquisition of Summa Four, Clarity Wireless, Selsius Systems and Pipelinks. That write-off amounts to $349 million, bringing the final profit figure down to $257 million. Those purchases are part of Cisco's ongoing acquisition strategy to help it expands into a wide range of Internet-related business activities. Indeed, Cisco president and CEO John Chambers said last year that 1999 would see up to 15 acquisitions. Speaking at the announcement of the results, Chambers said the world was moving into the "third phase of the Internet revolution" in which "consumers will be the driving force". That suggests Cisco's future acquisitions will predominantly be businesses focussing on that arena. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.