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Cisco reports solid Q3 results

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Cisco has reported revenue of $12,1-billion for the third quarter ended 25 April 2015, with net income on a generally accepted accounting principles (GAAP) basis of $2,4-billion or $0,47 per share, and non-GAAP net income of $2,8-billion or $0,54 per share.

“Cisco is in a very strong position and we delivered another solid quarter,” says John Chamber, chairman and outgoing CEO of Cisco. “Our vision and strategy are working and we are executing very well in a tough environment, as evidenced in our revenue growth, profitability, strong gross margins and cash generation.

“Our customers feel the pace of change and disruption in every industry and market, and know their success depends on digitising their business. Whether they are the disruptor or the incumbent, they are coming to Cisco as their strategic partner. We believe we are pulling away from our competition using the same formula we’ve always used: integrating our industry-leading products in every category into architectures and solutions that deliver real outcomes.
“We’ve created this opportunity and it is ours to execute,” he adds.

“I am extremely honoured and proud to have led Cisco for the last 20 years and to get us to this positive inflection point,” Chambers says. “We have a tremendous opportunity to extend our lead in the industry, and with Chuck Robbins as the CEO for Cisco’s next chapter, we have exactly the right leader to capture that opportunity. I could not be more confident in our future.”