CISCO EARNS MORE

Cisco Systems, Inc. (NASDAQ:CSCO) presented a net profit of 3.024 million dollars, an increase of 7.9% over the first quarter of the previous fiscal year.

The technology firm announced that in the first quarter of its fiscal year had a net profit of 2.430 billion, 37.1% more than in the same period of the previous fiscal year.

In reporting its results for the first quarter of fiscal 2016, Cisco reported earnings per share were 48 cents, up from the 35 it had in the first quarter of its fiscal year 2015.

The adjusted earnings per share was 59 cents, above the 54 cents it had in the first quarter of its fiscal year, as reported by the company by providing financial information to the close of trading on Wall Street.

The company said that in the quarter ended October 24 last sales revenue reached 12.682 million dollars, 3.6% more than in the first quarter of its fiscal year 2015.

Cisco, based in San Jose (California), one of the leading manufacturers of computer equipment, announced that its forecast for the current quarter will reach 2%, below 5% expected by analysts.

November 17, 2015 | Categories: Uncategorized | Tags: Chuck Robbins, CISCO, EARNS | 4 Comments