Cisco announces financial results
If American pennies were bits, then Cisco Systems Inc. would be a consumer-grade dial-up modem from the mid 90s, because it makes more than 24,000 of them in a second.
The Santa Clara, Calif.-based network equipment manufacturer announced Wednesday its net earnings for the year ending July 31 were US$7.767 billion.

Though Cisco did not include revenue by the second, a Network World Canada struggling to apply his Grade 6 math reckoned the 26-year-old firm is now garnering a pure profit of 24,600 cents, or $246, per second. 

That’s only Cisco's net earnings for the year. Revenues were $40 billion, up from $36.1 billion for the year ending July 25, 2009, which in official accounting terms is known as a “killing.”
Cisco’s long-term debt is now $12.2 billion, and it has $16.67 billion in “goodwill” on it balance sheet, which is essentially the difference between what it paid to buy a company and the book value of the company.
But it also has $4.6 billion in cash and more than $30 billion invested, so the $623 million a year it spends on its debt is more than offset by $635 million in interest earned.
In a presentation to investors posted to Cisco’s Web site, the firm said of the $40 billion in annual sales, $13.6 billion was from switches, $6.6 billion from routers, $9.6 billion from its advanced technology group, $7.6 billion was from services and $2.6 billion was “other.”

Revenues from its Nexus switches was up 325 per cent and it has now sold Unified Computing System servers to 1,700 customers.



Related Download
The Fast Path to Software-Defined Networks Sponsor: F5 Networks
The Fast Path to Software-Defined Networks
Download this white paper to learn how new partnerships are pioneering ways to ensure that they can transfer knowledge to enterprise IT staff.
Register Now