Cisco Reports Q3 Earnings: Net Sales $12.2 Billion, EPS $0.51

Posted on May 16 2013 - 10:41pm by Editorial Staff

Cisco

The networking company Cisco has reported its third quarter results for the period ended April 27, 2013. The company reported the net sales of $12.2 billion, while net income on GAAP basis was of $2.5 billion or $0.46 per share and non-GAAP net income was of $2.7 billion or $0.51 per share. For the outlook, the company project non-GAAP fourth quarter earnings to be $0.50 per share to $0.52 per share with revenue growth of 4 percent to 7 percent compared to a year ago.

Cisco Chairman and CEO John Chambers during the company’s conference call said that:

We were especially pleased with the progress we made in Q3 in the emerging countries, with growth of 13%. As a reminder, emerging countries grew 6% in Q2. We are also pleased with the balance across emerging countries, with India growing 29%, Russia growing 16%, Brazil up 14%, China up 8%, and Mexico up 4%. The remaining emerging markets around the world, which is approximately 50% of our total business from emerging countries, was also very solid, with growth of 13% as well.

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.