For the three months to October 30, Cisco reported net income up 28.5% at $1.4 billion, or $0.21 per share, on revenue up 17% at $6 billion. Excluding certain items, profit of $0.21 per share was in line with the consensus estimates.
Chambers, who has previously had a tendency to discuss big-picture economic trends during Cisco’s earnings conference calls, and whose words are measured accordingly by analysts, was quieter on this topic this time around.
What has been interesting has been to watch changes occur four or five times over the last few quarters, Chambers said in a conference call, pointing to the moderately erratic signals other business leaders had been giving him over the last 18 months.
I think it’s too early to say as we look into this quarter, he said, citing the recent US presidential election. It’s down the middle of the fairway, not a dramatic concern on either side, probably not the longest drive we’ll ever hit.
