Network equipment giant Cisco revealed a tripling of its fiscal third-quarter earnings yesterday, but remained cautious about declaring that a corner had been turned.
The company's fiscal earnings, or pro forma net income, rose to $838m from $230m in the corresponding 2001 quarter.
It is the first year-over-year gain in over 12 months for Cisco. Revenues also rose slightly, up two per cent to $4.82bn.
The company said that its restructuring had a lot to do with the earnings improvement.
"Last year was a classic downturn," explained chief executive John Chambers. "We took the critical steps to position ourselves for the upturn, and we are beginning to see very positive results."
He added that Cisco was "well positioned when the economy rebounds".
Why does Facebook store "my entire call history with my partner's mum", asks developer who requested his Facebook data
Facebook database included text-message metadata - despite not using Facebook Messenger for SMS
Before Ocado could start selling the technology it had developed to other retailers, it had to tear down and rebuild its own monolithic architecture
Successful attack could result in harm to patients and financial loss, warns NHS governing body
Guccifer 2.0 claimed to be a lone Romanian hacker - until a schoolboy error gave him, her or them away