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Cisco reports $11.9 bn in revenue, net income up to $3.1 bn

IANS  |  San Francisco 

Global networking reported a revenue of $11.9 billion for the second quarter that ended January 27, pocketing a net income of $3.1 billion -- up 6 per cent from the second quarter of fiscal year 2017.

forecasts three-five per cent growth in revenue for the third quarter of 2018.

"We had a great quarter which demonstrates that our strategy is working. Our business is growing, we have a fantastic innovation pipeline, our balance sheet is strong and we have a team that's executing incredibly well," Chuck Robbins, Chairman and CEO, Cisco, said in a statement late on Wednesday.

"The network is more critical to business success than ever, and our new intent-based networking portfolio has great momentum including the fastest ramping new product in our history," Robbins added.

"Product revenue performance reflected solid growth in applications and security, which each increased 6 per cent. Infrastructure platforms increased by 2 per cent," the company said.

recently acquired that offers cloud calling and

On January 24 it announced to acquire that provides Cloud-managed, hyper-converged systems that run and protect

"Q2 was a great quarter with 3 per cent revenue growth and strong margins and cash flow," said Kelly Kramer, of Cisco.

"We continue to make progress as we shift the business toward more software and recurring revenue," Kramer added.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 12:18 IST
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