>> I think Cisco's going to have a great quarter
Good call, but considering you were talking about the Silverback of Silverbacks, it was simple <lol>. Note the accelerating top line growth; incredible in a company of this size.
biz.yahoo.com
Cisco quarterly results top analyst forecasts
PALO ALTO, Calif., Aug 8 (Reuters) - Cisco Systems Inc., (NasdaqNM:CSCO - news) the world's biggest maker of computer-networking equipment, reported fiscal fourth-quarter profits that topped expectations, paced by strong sales to Internet service providers, cable and telephone companies.
The company said on Tuesday that for the period ended July 29, its profit from operations rose 69 percent to $1.2 billion, or 16 cents a share, compared with $710 million, or 10 cents, a year ago. Sales rose 61 percent to $5.72 billion from $3.56 billion.
On that basis, the results topped the consensus forecast of 15 cents a share, according to First Call/Thomson financial, which tracks company results and analyst estimates.
Including acquisition-related charges, gains on the sale of equity investments and payroll tax on stock option exercises, Cisco had net income of $796 million, or 11 cents a share, compared with $605 million, or 8 cents, a year ago.
Cisco shares closed unofficially at 65-1/2 on the Nasdaq, falling 3/4. The stock has more than doubled in the past 12 months and has risen 24 percent so far this year. |
