Cisco profit jumps 44% as technology sales improve

Cisco Cisco began a restructuring programme last year in a bid to cut costs

Related Stories

Profits at Cisco, the world's largest maker of networking equipment, have jumped by 44% on the same period a year ago as spending on technology picks up.

The company, seen as an indicator for the technology sector in general, made $3.1bn (£1.99bn) in the three months to the end of January.

The figure included tax credits and benefits of almost $1bn.

Cisco sells routers, switches, software and services. Buyers are both firms and governments around the world.

Cisco's chief executive John Chambers said that although economic conditions were challenging, demand for his company's products was strong.

He said in a statement: "Cisco delivered record earnings per share this quarter and record revenue for the eighth quarter in a row in a challenging economic environment"

Last year the company began a restructuring programme with the aim of cutting expenses by about $1bn.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

  • FordFactory facelift

    Watch as the plant that makes Ford's legendary F-150 undergoes a total overhaul

Programmes

  • Models of roads and cars on a bridgeThe Travel Show Watch

    A world in miniature - behind the scenes at one of the world’s largest model railways

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.