Cisco’s quarterly earnings report beat Wall Street expectations this week, giving investors a hint of confidence in the constantly evolving tech industry. The networking company reported a net income of $2.48 billion, or 46 cents per share. That’s up from the $2.17 billion it earned during the same time last year. Revenue was up 5.4 percent to $12.22 billion. Cisco was encouraged by its growth in the Americas region, where revenues were up 7 percent, as well as in emerging markets, which grew 10 percent.
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Cisco's Data Center Sales Spark Q1 Earnings
Posted by: Rachelle Dragani May 16, 2013 11:24 AMCisco’s quarterly earnings report beat Wall Street expectations this week, giving investors a hint of confidence in the constantly evolving tech industry. The networking company reported a net income of $2.48 billion, or 46 cents per share. That’s up from the $2.17 billion it earned during the same time last year. Revenue was up 5.4 percent to $12.22 billion. Cisco was encouraged by its growth in the Americas region, where revenues were up 7 percent, as well as in emerging markets, which grew 10 percent.