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February 5, 1997updated 05 Sep 2016 12:54pm

CISCO: THE NEXT 800 POUND GORILLA?

By CBR Staff Writer

Cisco Systems Inc, which is rapidly acquiring the same dominance in networking equipment as Intel and Microsoft enjoy in their respective sectors, has pulled off a 76% increase in sales for its first half of fiscal 1997, up from $1.71bn to $3.03bn, with net income climbing from $391.1m to $519.4m. Net sales for the second quarter were $1.59bn, compared with $918.5m for the same period last year, an increase of 73%; net income was $338.5m compared with $209.7m for the second quarter of 1996. The figures represent the eleventh consecutive quarter of double-digit sales growth at the company, although that good news reflects the fact that the company has grown largely due to an aggressive acquisition policy the past two years.

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