Despite heightened pressure from its rivals, Cisco turned in greatly increased fourth quarter operating profits, up 34 per cent to $383 million on turnover up 57 per cent to $6.4 billion. This was roughly in line with analyst expectations.
However, net profit after charges related to acquisitions was $150.9 million, down on last year's $276.6 million.
John Chambers, CEO and president of Cisco, said: "This is our thirtieth consecutive quarter of revenue and earnings growth. This trend, combined with Cisco's leadership in almost all product segments, positions us well as the preferred end-to-end network provider."
Cisco is expected to acquire yet another company in the next week, with a Gigabit Ethernet outfit the expected target.
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