SAN FRANCISCO, Aug. 7 (AP) — Profit at Cisco Systems jumped 25 percent in its fiscal fourth quarter as the company, which makes network equipment, continued to have strong sales of the routers and switches that direct traffic over the Internet.
Cisco shares jumped more than 5 percent on an improved financial forecast.
Net income for the period that ended July 28 was $1.93 billion, or 31 cents a share, compared with $1.54 billion, or 25 cents a share, during the quarter a year ago.
No comments:
Post a Comment