Text size [+][-] Saturday November 21 2009GLOBAL EDITION
Home > Breakingviews > Cisco
By Robert Cyran
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Cisco reported net sales of $9bn in the fiscal first quarter ending October 24, a decrease of 13% from the same period last year. Earnings per share at the US networking firm fell 19% to 30 cents per share. Chief executive John Chambers said a “tipping point” in demand had been reached in the previous quarter and that the economic outlook was improving. Cisco also added $10bn to its stock repurchase programme. The company can now buy back up to $13.1bn worth of equity.
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