Feeds

Steady, hungry Cisco closes 2005 with double-digit gains

Ready to buy again

Website security in corporate America

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. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.