Cisco CEO Wants Net Income Growth To Equal Revenue Growth
DOW JONES NEWSWIRES
September 6, 2006 9:35 a.m.
NEW YORK (Dow Jones)--Cisco Systems Inc. (CSCO) Chief Executive John Chambers said the company's next opportunity is to get net income growth more in line with its revenue growth.
Cisco is poised for sustainable growth, Chambers said during the company's analyst conference on Wednesday. He added that further market share gains were possible based on its current execution.
The company recently reported strong quarterly results despite a languishing technology market. Chambers had attributed the performance to a gain in market share.
Chambers said that Cisco will continue to differentiate itself through its ability to integrate hardware, software and the delivery of services, all of it based around the network.
For the fiscal fourth quarter, Cisco posted net income of $1.544 billion, or 25 cents a share, up from $1.540 billion, or 24 cents a share, a year earlier.
Revenue rose to $7.98 billion from $6.58 billion a year ago.
For its full fiscal 2006, Cisco reported sales of $28.5 billion, compared with $24.8 billion a year before. Full-year profit was $5.6 billion, or 89 cents a share, compared with $4.7 billion, or 71 cents a share, a year ago. |
