Feeds

Chambers hails 'solid' Cisco quarter

He would, wouldn't he?

Protecting users from Firesheep and other Sidejacking attacks with SSL

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? ®

Choosing a cloud hosting partner with confidence

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
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
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
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.