Tuesday, November 8, 2005

Cisco Posts Quarterly Revenue of $6.5 billion, up 9.7% YoY

Cisco Systems reported revenue of $6.5 billion for its first quarter of fiscal 2006, up 9.7% year over year. Net income was $1.3 billion or $0.20 per share which includes stock-based compensation expense of $228 million, net of tax, or $0.04 per share, due to the implementation of SFAS 123(R).

"Q1 was a solid quarter for Cisco, with balanced execution across most of our geographies, market segments and product categories," said John Chambers, president and CEO, Cisco Systems, Inc. "We are especially pleased with the improving business momentum in the U.S. and Asia Pacific, the strength of our product families and the accelerated growth of the commercial marketplace, which has become our fastest growing customer segment."http://www.cisco.com/go/investors

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