Cisco scores big with Q3 profit rise

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.

Ciso has introduced a solution providing Novell Netware users with an easy-to-use, cost-effective and secure Internet connection. Ipexchange 1000 Series is made up of Ipex-change software and Cisco 1000 series router hardware.