The internet continues to drive Cisco Systems, which has reported a 69% year-on-year rise in profits for the fourth quarter with sales rising 61% to $5.72bn.
LONDON (Brand Republic) – The internet continues to drive Cisco Systems, which has reported a 69% year-on-year rise in profits for the fourth quarter with sales rising 61% to $5.72bn.
The company, which is the world’s largest manufacturer of computer networking equipment, beat the consensus forecasts of 15 cents a share by one cent.
This is the 10th quarter that the company has seen year-on-year growth in sales which have been driven by the growth of the internet.
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