Cisco profits up 43.5% in Q2

Profits up to $2.2 billion for quarter to end of January

Tags: Cisco Systems Incorporated
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Cisco profits up 43.5% in Q2 John Chambers said that Cisco's restructuring plans have paid off. (Getty Images)
By  Mark Sutton Published  February 9, 2012

Cisco has announced a 43.5% rise in profits for its second quarter of FY2012.

The company saw sales up 11% year-on-year, to $11.5 billion, and net GAAP income up to $2.2 billion.

The results for the quarter to end of January 2012 beat analyst expectations, and follow on from cost cutting measures, that saw the company shed 6,000 jobs in 2011.

Cisco chairman and CEO John Chambers said that the company's plan was paying off, and that the company had seen strong sales in data centres and the enterprise segment. Cisco has also gained over 10,000 customers worldwide for its Unified Computing System, which integrates computing, networking, management and virtualization, since its launch two years ago.

Chambers said in a company statement: "We delivered strong performance this quarter with record revenue and earnings per share. 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."

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