Cisco nets $1.87 billion during Q1

Cisco reported impressive first-quarter results that included total net income of $1.87 billion, up from $1.4 billion during the same quarter last year. Sales totaled $8.87 billion during the quarter, including a healthy $753 million contribution from the recently acquired Scientific-Atlanta unit. Here's how Cisco's revenue growth breaks down:

  • Switching (35 percent of total sales) revenues grew 15 percent to $3.1 billion.

  • Routers (20 percent of total sales) revenues rose 16 percent to $1.8 billion.

  • Advanced Technologies (23 percent of total sales) increased 25 percent to $1.6 billion, but last year's figure excludes SFA.

During the past quarter, Cisco celebrated a major milestone for its enterprise group as its installed base of access points shipped reached 4 million, thanks to higher enterprise demand for mobility services. Unfortunately, demand from U.S. enterprises for the rest of Cisco's portfolio left many shareholders wanting more from the company, which said sales will only grow 15 percent or so in the fourth quarter. The other big milestone for Cisco during its Q1 was the settlement it reached with Apple regarding their dispute over the "iPhone" trademark.

For more on Cisco's Q1:
- see this article from The New York Times

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