Cisco buoyed by higher web traffic

Cisco Systems, the world’s largest maker of networking equipment, has reported stronger than expected sales and profits, completing what chief executive John Chambers called “probably the strongest quarter we’ve had in our history”.

Sales rose 27 per cent to $10.4 billion, while profits rose 63 per cent to $2.2 billion. This is the second consecutive quarter of growth for Cisco after revenue fell for four straight quarters during the recession.

The rise in sales was fuelled by increased demand from businesses grappling with ever-higher volumes of Internet and video traffic.

You must be logged in to post a comment Login