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Cisco Q3 revenues up 5.1%, net profit grows 11.7%
2015-05-14 08:31:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal third quarter to April of USD 12.1 billion, up 5.1 percent from a year earlier. The data centre segment showed the strongest growth, with revenues up 21 percent to USD 801 million. Wireless sales rose by 9 percent to USD 611 million, security was up 14 percent to USD 412 million, and collaboration products increased revenue 7 percent to USD 973 million. Cisco's main products, switches and routers grew revenue by respectively 6 and 4 percent in Q3. The company's gross margin reached 62.5 percent, down slightly from 62.7 a year ago. Net profit rose 11.7 percent year-on-year to USD 2.4 billion or 47 cents a share. Operating cash flow fell to USD 3.0 billion from USD 3.2 billion a year ago, and Cisco ended the quarter with total cash of USD 54.4 billion, up from USD 53.0 billion at the end of 2014. The company reported product orders up 2 percent year-on-year in the quarter, led by by 7 percent growth in the enterprise and public sector markets and a 6 percent increase in the commercial sector. The service provider remained weak, with orders down 2 percent from a year earlier. Cisco said the US enterprise and public sector orders were particularly strong, growing respectively 21 and 10 percent. Orders in the EMEA region grew just 2 percent, and the APJC region returned to growth, with a 1 percent increase.
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Category:Telecommunications