Cisco net income up 44 % in 2nd quarter

Cisco, the world’s largest maker of computer networking equipment, said Wednesday that its net income jumped 44 percent in the latest quarter as it continues to put last year’s slump behind it.

THE NEWS TRIBUNE

Published: 02/09/12 12:05 am

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Cisco, the world’s largest maker of computer networking equipment, said Wednesday that its net income jumped 44 percent in the latest quarter as it continues to put last year’s slump behind it.

Cisco Systems Inc. has emerged leaner after a round of layoffs and a narrowing of its focus.

Net income was $2.2 billion, or 40 cents per share, in the fiscal second quarter that ended Jan. 28. That compares with earnings of $1.5 billion, or 27 cents per share, a year ago.

News Tribune news services

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