Cisco sales grow 16.7% to USD 9.6 billion
Published November 8th, 2007
(TP) Cisco Systems reported sales of USD 9.6 billion for its fiscal first quarter to 27 October, up 16.7 percent from the year-earlier period. Its net profit increased 37.1 percent to USD 2.2 billion, helped by a tax settlement worth USD 162 million. The company finished the period with USD 24.7 billion in cash. Cisco recorded a book-to-bill ratio of around 1 in the period. Orders in Europe rose 20 percent, while US orders increased 13 percent, Asia Pacific showed growth in the high teens and emerging markets orders rose in the mid 30s year-on-year. Cisco forecast full-year sales up in the mid-teens.
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