View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 8, 2012

Cisco’s Q2 revenues grew 11% to $11.5bn in fiscal 2012

Net income grew by 43.5% to $2.2bn from $1.5bn in the same quarter a year ago

By CBR Staff Writer

Network equipment provider Cisco has reported revenues of $11.5bn for the second quarter of fiscal 2012, an increase of 11% compared to $10.4bn in the corresponding quarter of fiscal 2011.

The company’s net income grew by 43.5% to $2.2bn from $1.5bn in the same period a year ago, primarily due to its efforts to reduce workforce and focus on profitable segments.

Earnings per share for the company increased 48.1% to $0.40 in the second quarter of fiscal 2012 from $0.27 in the same quarter of fiscal 2011.

Cisco chairman and CEO John Chambers said the company delivered strong performance this quarter with record revenue and earnings per share.

"We are executing well on our three-year plan to drive earnings faster than revenue. Our operational focus continues to yield positive results – we hit our billion dollar expense reduction a quarter early – and our ongoing innovation enables our customers to solve their critical business needs," Chambers said.

"You will continue to see a focused and aggressive Cisco that is helping our customers use intelligent networks to transform their businesses."

The company has also reported $3.1bn in cash flows from operations for the second quarter of fiscal 2012, an increase of 9.6% compared to $2.6bn in the corresponding quarter of fiscal 2011.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

In the last quarter, Cisco had also completed its acquisition of video services company BNI Video for $99m in cash.

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 Progressive Media Investments 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