AAPL Stock: 111.31 ( + 0.53 )

Printed from

Cisco beats estimates on $2.6 billion net income

updated 06:14 pm EST, Tue November 13, 2012

Cisco records $11.9 billion in revenues

Cisco Systems reported earnings for the most recent financial quarter today, revealing quarterly revenue and earnings that beat the average Wall Street analyst estimates. The networking equipment manufacturer reported a six percent jump in revenue year-over-year, totaling $11.9 billion. Wall Street had expected Cisco to log about $11.77 billion in revenue for the quarter.

Cisco also saw a jump in its first quarter net income, up 10.6 percent year-over-year to $2.6 billion, or 48 cents per share. Analysts had expected 46 cents per share.

Analysts attributed Cisco's outperforming estimates to a greater emphasis on routing combined with an ongoing effort to reduce operational expenses partly through staffing reductions.

Cisco also outperformed analysts' expectations last quarter, pulling in $100 million more than Wall Street had expected. Since killing off its Cius tablet earlier this year, the company has refocused its efforts on a group of core functions, including routing, virtualization, and enterprise-oriented services.

by MacNN Staff





Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented