Cisco 2Q13 Revenues Top $12.1 Billion
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Cisco Systems reported second quarter fiscal 2013 earnings late Wednesday.
For the quarter, Cisco reported Net Sales of $12.1 billion for a 5 percent year-over-year gain. Net Income was reported at $3.1 billion, which is a 44 percent improvement over the second quarter of 2012. Moving forward, Cisco provided third quarter guidance for revenue growth to be in the range of 4 percent to 6 percent, on a year-over-year basis.
"In summary, we believe that our Q2 results once again demonstrate that our vision and strategy are working," Cisco CEO, John Chamber said during his company's earnings call. "In simple terms, we did what we said we will do in what I think we will all agree is a challenging market."