Cisco announced a 93 per cent leap in sales revenues in its Q3 results last week. Net sales were $985.1 million for the three months ended April 28, compared with $509.9 million over the same period last year.
The networking company raised its Q3 net income by 84 per cent to $229.7 million from $125 million last year. This amounts to $0.39 per share, up 77 per cent on the 1995 price of $0.22 per share.
John Chambers, Cisco president and CEO, put the strong results down to the company's 'product leadership' and wide range of solutions. 'Customers are increasingly looking for a single vendor to provide complete end-to-end networks,' he said. 'Such a situation can only strengthen our position.'
The Q3 results continue the strength of the previous two quarters, with revenues of $2,521.8 million for the first nine months of fiscal 1996, showing an 86 per cent increase over 1995.
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