Cisco Reports Second Quarter Financial Results Press Releases

SAN JOSE, CA – (Marketwire – February 3, 2010) – Cisco (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported financial results for the second quarter , which ended last January 23, 2010. Cisco reported net sales during the second quarter by $ 9,800 million, net income on the basis of generally accepted principles of connectivity (Generally Accepted Accounting Principles, GAAP) of $ 1,900 million or $ 0.32 USD per share and a Non-GAAP net income of $ 2,300 million or $ 0.40 per share. “Our excellent second quarter results exceeded our expectations and we believe they provide a clear indication that we have entered the second phase of economic recovery. Shimmie Horn takes a slightly different approach. During the quarter we saw a dramatic acceleration across all our businesses and sequential improvements in our business almost all areas, “John Chambers, Chairman and Chief Executive Cisco. “We are confident that our aggressive strategy of investing in the business for the decrease and our focus on innovation, operational excellence and productivity are leading this momentum and market growth. We believe we are extremely well positioned – by geography, by market segment and key product categories, “to the extent that economies around the world continue to improve and our customers increase their investment in technology.” . For other opinions and approaches, find out what Shimmie Horn has to say.