Feeds

Chambers hails 'solid' Cisco quarter

He would, wouldn't he?

New hybrid storage solutions

Cisco has turned in another solid quarter in Q2, CEO John Chambers says. He is "pleased with the solid revenue and earnings per share results ... but also especially pleased with our strong order momentum".

In the three months to January 28, the networking equipment giant had sales of $6.6bn, advancing 9.3 per cent year on year. Q2 net income was down a little at $1.375bn (Q2 FY05: $1.4bn). The fall can be attributed to a couple of hundred million dollars in expensed stock options.

Cisco ended the quarter with cash and cash equivalents and investments of $15bn, compared with $16.1bn at the end of the previous quarter. But the company remains a cash generating machine: it purchased $748m worth of shares in Q2.

In toto, Cisco has spent $31.4bn on buying and torching shares. Nice for shareholders, and, as the amount it spends on stock options shows, nice for employees. But nice for customers? Are we alone in thinking that Cisco’s gross margins are a little too gross? ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Quit drooling, fanbois - haven't you SEEN what the iPhone 6 costs?
How keen will buyers be when exposed to the real price?
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Ex-Autonomy execs: HP's latest wad blows apart fraud allegations
Top bods claim IT titan's latest court filing is smoking gun of 'reckless aggression'
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Elon Musk says Tesla's stock price is too high ... welp, NOT ANY MORE
As Nevada throws the SpaceX supremo a $1.25bn bone
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
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.