Cisco Systems has reported its second quarter results for the period ending January 26, 2002. Net sales for the second quarter of fiscal 2002 were $4.8 billion, a sequential increase of 8% from the $4.4 billion in net sales for the first quarter of fiscal 2002. Actual net income for the second quarter of fiscal 2002 was $660 million.
Net sales for the first six months of fiscal 2002 were $9.3 billion, compared with $13.3 billion in net sales for the first six months of fiscal 2001, a decrease of 30%.
This was a very solid quarter, said John Chambers, President and CEO, Cisco Systems. Our results reflect Cisco’s unique position to help our customers with their business priorities – profits, cash flow and productivity. I was especially pleased with our profitable market share gains and strong operational performance in a very challenging market, as well as our continued improvement to an already strong balance sheet.
