Feeds

Steady, hungry Cisco closes 2005 with double-digit gains

Ready to buy again

Top three mobile application threats

Despite a flurry of acquisitions, Cisco maintained its poise during the fourth quarter and fiscal 2005 to post steady, double-digit gains in both periods.

Cisco's net sales rose 11 per cent during the fourth quarter to hit $6.6bn - up from $5.9bn in the same period last year. Net income moved higher as well at $1.5bn versus $1.4bn during Q4 in 2004.

For the full year, Cisco reported sales of $24.8bn - a 13 per cent rise over the $22.0bn reported in 2004. Net income surged to $5.7bn from $4.4bn.

These financial gains came as Cisco closed buys of FineGround, MI Secure, NetSift, Sipura Technology, Topspin Communications and Vihana during the fourth quarter. Cisco also closed out the year by announcing plans to acquire KiSS Technology and Sheer Networks. All of these buys add to a massive list Cisco compiled during Fiscal 2005.

"I am pleased with the continued focus and execution on our three long-term key financial priorities - growth, profitability and increasing shareholder value," said Dennis Powell, CFO at Cisco. "With steady customer demand for our products across key segments, Cisco is clearly delivering solid performance."

Industry scuttlebutt has Cisco eyeing Nokia as its next prize. We, however, maintain a "Skeptical" rating on this deal while giving the merger of Cisco and Nabisco our "The Wheels are in Motion, Mate" designation.

Cisco exits 2005 with $16.1bn compared to $19.3bn at the end of 2004, reflecting its penchant for acquisition and share buybacks.

In the current quarter, Cisco expects sales to rise 10 per cent year-over-year. Investors sent Cisco shares slightly lower in the after-hours markets to $18.89. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.