Cisco Getting $ 9.8 Billion

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TU - Cisco noted that quite favorable business results in the second quarter that ended on January 23, 2010. Vendor network and communication devices are making a net sales of U.S. $ 9.8 billion.

The number was increased by 8% when compared to achievement in the previous year. While net income under GAAP was U.S. $ 1.9 billion or U.S. $ 0.32 per share and to non-GAAP net income of U.S. $ 2.3 billion or U.S. $ 0.40 per share.

"The second quarter results exceeded expectations and we believe this signifies that we are entering the second phase of economic recovery," said John Chambers, Chairman and Chief Executive Officer of Cisco, in his statement quoted by the TU, Saturday (13/11/2010).

He added, Cisco believes that the aggressive strategies that they run in doing business investment during the economic downturn, and our focus on innovation, operational excellence, and productivity has gained momentum and trigger growth.

"We believe that we are in a position that is right - both geographically, customer segmentation, and our key product categories - as the world economy continues to improve and our customers improve their technology investments," added Chambers.