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Profits down, sales up at Cisco

Discussion in 'eCommerce' started by temi, Feb 8, 2006.

  1. temi

    temi Facilitator Webmaster

    Cisco boss John Chambers said orders were strong
    Profits have fallen at Cisco Systems, but the IT systems giant has hailed rising sales and orders as evidence of the health of its business.
    Pre-tax post-exceptional profits fell to $1.3bn (£744m) in the three months to 28 January from $1.4bn over the same period last year.

    Added expenses from staff share deals contributed to the dip in profits.

    Cisco boss John Chambers said the firm's performance was "solid", with total sales rising 9% to $6.6bn.

    source: news.bbc.co.uk/1/hi/business/4691776.stm

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