Strong sales boost Cisco profits

10 Aug 2005

Cisco Systems, the world's biggest maker of Internet equipment, has seen a 12% rise in profits thanks to ongoing strong demand for its core products.

The company, which has been linked to a possible takeover of phone firm Nokia, made net profits of $1.54bn (£862m) in its fourth quarter to 30 July.

Its turnover rose by 11% to $6.6bn, again compared to the same period a year previously.

Cisco's results were broadly in line with Wall Street expectations.

Its shares closed up 2% on Tuesday before its latest results were released after the end of trading on the Nasdaq exchange in New York.

Cisco's chief executive John Chambers, said the company had enjoyed increased profits in all its areas of operation, with demand from its corporate customers leading the way.

Suggestions that Cisco is interested in buying Finland-based Nokia have recently appeared in a number of newspapers.

print this article