{"id":653582,"date":"2010-02-03T16:26:00","date_gmt":"2010-02-03T21:26:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/cisco-sees-dramatic-sales-improvement-in-2q-2010-2"},"modified":"2010-02-03T16:26:00","modified_gmt":"2010-02-03T21:26:00","slug":"cisco-crushes-the-street-were-in-the-second-phase-of-economic-recovery-csco","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/653582","title":{"rendered":"Cisco Crushes The Street, We’re In The ‘Second Phase Of Economic Recovery’ (CSCO)"},"content":{"rendered":"

\"johnchambers<\/p>\n

Good news from Cisco, whose CEO John Chambers was one of the first to ring the alarm bells about the economic collapse.<\/p>\n

NEW YORK (AP) — Cisco blows past its own forecast for the latest quarter, reporting its first sales increase in a year as it leaves the recession behind.<\/p>\n

CEO John Chambers says improvement was dramatic “across the board” and provides “a clear indication that we are entering the second phase of the economic recovery.”<\/p>\n

Cisco Systems Inc. says it earned $1.9 billion, or 32 cents per share. That’s up 23 percent from $1.5 billion, or 26 cents per share, a year ago.<\/p>\n

Excluding one-time charges, the world’s biggest maker of computer networking equipment earned 40 cents per share. Analysts expected 35 cents per share.<\/p>\n

Revenue rose 8 percent to $9.8 billion, topping analysts’ forecasts of $9.4 billion for the fiscal second quarter that ended Jan. 23.<\/p>\n

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