Feeds

Cisco Q3 profits leap 35 per cent

Cashes in on bandwidth demands

HP ProLiant Gen8: Integrated lifecycle automation

Cisco's fiscal third-quarter profit jumped 34 per cent on the back of increased demand for high bandwidth equipment from telephone and cable television companies.

The networking equipment maker earned $1.9bn net income in the quarter ending April 28, compared with $1.4bn a year earlier.

Revenue also saw a boost of 21 per cent. Cisco rang up $8.9bn in sales during the quarter, up from $7.3bn in Q3 2006.

Scientific-Atlanta, acquired by Cisco in 2006 for $6.9bn, contributed net sales of $752m during the third quarter. Scientific-Atlanta produces high-speed internet equipment for cable operators. Its sales rose 30 per cent per cent year over year.

"In our view, we are in the midst of a unique market transition, where all of the action is going to the network and our vision for the network as a platform for all forms of communications and IT has become a reality," Cisco CEO John Chambers said in a statement.

The company expects demand for high speed networking will increase as internet and TV services compete over the market — leaving Cisco to rake in the money they throw at each other.

Chambers said the company's success is based on its ability to foresee such market transitions and deliver the right products to take advantage of the opportunity.

Cisco's next major buy is the $3.2bn acquisition of online conferencing company WebEx. The deal was announced this March. ®

Reducing security risks from open source software

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
The triumph of VVOL: Everyone's jumping into bed with VMware
'Bandwagon'? Yes, we're on it and so what, say big dogs
Carbon tax repeal won't see data centre operators cut prices
Rackspace says electricity isn't a major cost, Equinix promises 'no levy'
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.