Cisco sales up 11% to $11.5 billion in Q2

By Telecom Lead Team: Cisco posted
11 percent increase in sales in Q2 ending January 28, 2012 at $11.52 billion
compared with $10.40 billion in the corresponding period previous year.

Net profit during Q2 was $2.18
billion as compared with $1.52 billion.

“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. You will continue to see a focused and
aggressive Cisco that is helping our customers use intelligent networks to
transform their businesses,” said John Chambers, Cisco
chairman and CEO.

Net sales for the first six months
of fiscal 2012 were $22.8 billion, compared with $21.2 billion for the first six
months of fiscal 2011.

Net income for the first six months
of fiscal 2012 was $4.0 billion or $0.73 per share, compared with $3.5 billion
or $0.61 per share for the first six months of fiscal 2011.

Cisco completed its acquisition of
privately-held BNI Video, which supplies service providers with two major video
products that offer video back-office and content delivery network (CDN)
analytic capabilities.

Cisco released its seventh annual
Corporate Social Responsibility report which details how Cisco applies its
expertise, technology and partnership strategies to address environmental,
social and governance issues.

Cisco announced that in just over
two years its new Cisco Unified Computing System (UCS), which integrates
computing, networking, management and virtualization, has captured the
attention of data center managers and CIOs alike — to date, over 10,000
customers worldwide, including 3,000 in Europe, have deployed Cisco UCS.

Cisco introduced Cisco CloudVerse, a
framework that combines the foundational elements required to enable
organizations to build, manage and connect public, private and hybrid clouds.

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