View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 4, 1997updated 03 Sep 2016 11:40am

CISCO STARTS FISCAL 98 WITH CONTINUED GROWTH

By CBR Staff Writer

Cisco Systems Inc has come in a penny ahead of estimates for its fiscal first quarter, reporting pro forma net income up 29.6% at $416m, or $0.59 per share. Revenue for the quarter rose a solid 30% to $1.87bn. Including the $127.2m charge stemming from the acquisition of Dagaz Technologies Inc (CI No 3,213), net income was actually $336.5m ($0.48 per share), up 86% on year-ago net of $180.9m – which itself included acquisition charges of $174.6m. The results mark the networking giant’s 31st consecutive quarter of revenue and earnings growth. Cisco finished the quarter with cash and equivalents of $378.2m a 40% increase over last year. The company’s board also declared a three-for-two stock split, payable December 16 to shareholders of record on November 18. The split is the company’s sixth since going public in 1990.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU