Monday, February 6, 2006

Cisco Posts Sales of $6.6 billion, up 9.3% YoY

Cisco System reported Q2 net sales of $6.6 billion, a 9.3% increase year over year and up 1.2% over the previous quarter. Q2 net income (GAAP) was $1.4 billion compared with $1.1 billion for Q2 FY'05. Net earnings per share were $0.22 GAAP (includes stock-based compensation expense of $0.03) compared with $0.17 for Q2 FY'05.

"We're pleased with the solid revenue and earnings per share results Cisco delivered during its second quarter, but also especially pleased with our strong order momentum," said John Chambers, president and CEO, Cisco Systems, Inc. "This proves our strategy is working in terms of the convergence of voice, video and data along with our balanced approach to our customer segments, core and advanced technologies, business and technology architecture and key geographic theaters."

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