Sunday, July 13, 2014





Cisco's 1Q earnings rise 18 percent


February 19. 2013 5:11PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Cisco Systems Inc. says earnings rose 18 percent in the latest quarter as it gained more solid footing after warning earlier this year of an abrupt slowdown in technology spending.


Cisco made $2.1 billion, or 39 cents per share, in its fiscal first quarter, from August to October. That compares $1.8 billion, or 33 cents per share, in the same period a year ago.


Excluding the cost of stock-based compensation and certain other items, Cisco would have earned 48 cents per share. On that basis, Cisco's earnings were 2 cents above the average analyst estimate, according to FactSet.


Revenue rose 5.5 percent to $11.9 billion, beating Wall Street estimates.


Cisco shares rose $1.22, or 7.2 percent, to $18.07 in after-hours trading Tuesday.


Cisco is based in San Jose, Calif.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds