Cisco Posts Results In Line With Street Expectations

Revenues were $11.6 up 6.6 percent from the year-ago quarter, during per-share revenues on a non-GAAP basis were 48 cents, versus 42 cents a year ago, up 14 percent. That’s in essence right in line with the consensus of Wall Street analysts had been for Cisco to report $11.58 billion in sales, and 47 cents in per-share of revenues, with a penny-per share beat on the EPS front.

Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its third quarter results for the period ended April 28, 2012. Cisco reported third quarter net sales of $11.6 billion, net income on a usually accepted accounting principles basis of $2.2 billion, or $0.40 per share, and non-GAAP net income of $2.6 billion, or $0.48 per share.

“We delivered solid results this quarter with record revenue and non-GAAP revenues per share,” said John Chambers, Cisco chairman and CEO. “We are successfully executing against our long-term strategic plan of growing profit faster than revenue, and in a cautious IT spending environment, we continue to outperform our competitors.”

Chambers continued, “In a world of clouds, video and mobile device proliferations, the role of the intelligent network has never been greater and our value proposition with our clients is the strongest it has ever been. Our vision and strategy is focused on the right market transitions, and I want to thank our shareholders, employees, clients and partners for their ongoing commitment to Cisco.”

Cisco announced its intent to acquire NDS Group Ltd., a provider of video software and content security solutions. The acquisition is expected to help Cisco’s ability to transform how service providers and media companies deliver at once-generation video experiences to subscribers. Cisco completed the acquisition of privately held Lightwire, Inc. Lightwire develops advanced optical interconnect research for high-speed networking applications. The acquisition is expected to allow Cisco to deliver cost-effective, high-speed networks with the at once generation of optical connectivity. Cisco acquired privately held ClearAccess, Inc. The acquisition enhances Cisco’s network management capabilities and enables service providers to better deliver, manage and monetize their services. Cisco announced strategic investments in Brazil to foster technology, transformation and socio-economic development.

TELUS announced it has deployed key elements of the Cisco Videoscape™ platform to extend its Optik TV services to mobile devices. Cisco announced it has been chosen by Fastway Transmissions Private Ltd. to facilitate cable digitization deployment across its customer base in India. Fastway is expected to deploy more than two million at once-generation digital set-top boxes from Cisco while the at once two years. Magyar Telekom rolled out 4G LTE (Long Term Evolution, latest standard in the mobile network technology) services with Cisco mobile internet solutions. Magyar Telekom is Hungary’s largest telecommunications company. IPLAN chose Cisco innovation for its newest data center which is expected to be launched in June 2012. IPLAN is a leader in telecommunications and cloud computing services for small and medium-sized businesses in Argentina. Videotron launched its enhanced illico digital TV service with Cisco’s HD set-top box platform. Videotron is a leading Canadian telecommunications operator providing communications and broadband entertainment services. Peru Credit Bank implemented the Cisco Unified Communications system to increase business flexibility and reduce costs. Kabel Deutschland selected Cisco CRS-3 routers for its Internet Protocol Then and there-Generation Network core to meet demand for video and broadband services. KD is Germany’s largest cable operator. Netelligent announced that it will collaborate with Desktone, Inc. to offer cloud-hosted virtual desktops. These cloud-based solutions will include Cisco UCS, the Desktone desktops-as-a-service platform and NetApp storage systems.

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