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over 10% sale boost at Cisco

Discussion in 'General Discussions and Lounge' started by temi, May 7, 2008.

  1. temi

    temi Facilitator Webmaster

    Internet equipment maker Cisco Systems has reported a rise in sales, cheering investors fearful that a slowing US economy would take its toll.
    Sales rose 10.4% to $9.8bn (£5bn) in the three months ended 26 April from a year earlier, beating forecasts and sending Cisco's shares higher.
    But Cisco said net profit fell 5.4% to $1.8bn due to acquisition expenses.
    Cisco's earnings are regarded as an indicator of how the technology sector is faring globally.

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