Cisco Reports Second Quarter Earnings

February 14, 2011 by | Comments

Cisco reported its second quarter results for the period ended January 29, 2011. Cisco reported second quarter net sales of $10.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.5 billion or $0.27 per share, and non-GAAP net income of $2.1 billion or $0.37 per share.

 

GAAP Results
  Q2 2011 Q2 2010 Vs. Q2 2010
Net Sales $ 10.4 billion $ 9.8 billion 6.0 %
Net Income $ 1.5 billion $ 1.9 billion (17.9 %)
Earnings per Share $ 0.27 $ 0.32 (15.6 %)

 

Non-GAAP Results

  Q2 2011 Q2 2010 Vs. Q2 2010
Net Income $ 2.1 billion $ 2.3 billion (11.2 %)
Earnings per Share $ 0.37 $ 0.40 (7.5 %)

Net sales for the first six months of fiscal 2011 were $21.2 billion, compared with $18.8 billion for the first six months of fiscal 2010. Net income for the first six months of fiscal 2011, on a GAAP basis, was $3.5 billion or $0.61 per share, compared with $3.6 billion or $0.62 per share for the first six months of fiscal 2010. Non-GAAP net income for the first six months of fiscal 2011 was $4.5 billion or $0.80 per share, compared with $4.5 billion or $0.76 per share for the first six months of fiscal 2010.

 

 

–(News@Cisco: Press Releases and Features)–

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