Feeds

Cisco posts solid results

Steady recovery

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Cisco yesterday posted first quarter earnings ahead of earlier market estimates, amid signs that the networking market is finally picking up.

For the quarter ending October 25 (Q1 2004), Cisco reported net sales of $5.1 billion compared with $4.8 billion in Q1 2003 and $4.7 billion in its previous quarter.

Cisco's net income for Q1 2004 was $1.1 billion, up 87.5 per cent on last year's $618 million. Cisco's results compare to the mixed fortunes of its competitors in the networking market.

"We've begun our fiscal year with a solid quarter of continued operational excellence and year-over-year growth," said John Chambers, Cisco CEO. "We saw strength across our core switching and routing businesses, as well as traction in our advanced technologies. The service provider and public sector segments in particular, continue to be solid markets for our products."

Sales of routers and switches accounted for two-thirds of Cisco's sales, with other areas (storage, security, IP telephony and WLAN technology) playing an increasingly important role in Cisco's overall business.

"The business and technology strategies we put in place 18 to 36 months ago are showing tangible momentum. I am confident our strategies and strong execution throughout the downturn have positioned us well for future growth," said Chambers.

During the quarter, Cisco announced deployments of its high-end routing products with Verizon Communications, China Netcom Group, U's Communications Corporation in Japan, and Australia's Hutchinson and Telstra. It also announced a program of collaboration on network-hosted storage virtualization with IBM, and developments in its storage and IP telephony portfolio.

These included the introduction of an Internet Protocol (IP) telephone, the Cisco IP Phone 7970G, with a high-resolution, colour touch screen.

Looking ahead, Cisco expects second quarter sales to rise by between one to three per cent from Q1 2004. That implies Q2 2004 sales of between $5.15 billion to $5.25 billion. Cisco declined to give an earnings forecast based on these figures. ®

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.