Cisco Systems said that their profit will beat Wall Street expectations even though their earnings fell by 46% last quarter and it may have been at the bottom of the recession-related downturn. The company expects a slight increase in revenue in the current quarter compared with the just-ended one. Cisco is the world''s largest maker of computer networking gear and it has witnessed sales hit hard as clients delayed investments and capital improvements. However, good profit margins and a large pile of cash have helped it to get out of the downturn.
However, not including the cost of stock-based compensation and other items, Cisco''s earnings were 31 cents per share and are expecting earnings of 29 cents per share on $8.5 billion in revenue. Additionally, for the present quarter they are expecting revenue drop of 15% to 17% from a year ago, or an increase of 1% to 3% from the last quarter which implies revenue of $8.55 billion to $8.76 billion however, they have been forecasting $8.59 billion in revenue.
However, not including the cost of stock-based compensation and other items, Cisco''s earnings were 31 cents per share and are expecting earnings of 29 cents per share on $8.5 billion in revenue. Additionally, for the present quarter they are expecting revenue drop of 15% to 17% from a year ago, or an increase of 1% to 3% from the last quarter which implies revenue of $8.55 billion to $8.76 billion however, they have been forecasting $8.59 billion in revenue.
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