Börse Express - Cisco with more turnover and profit

SAN JOSE (dpa-AFX) – The network supplier Cisco increased sales and profits in the past quarter. The US company reported a six percent increase in sales to $12.7 billion for the second quarter ended January. The bottom line is that profits rose 17 percent year-on-year to three billion dollars (2.64 billion euros).

The quarterly figures and the outlook for the current quarter were above the expectations of the analysts, the share gained around five percent in after-hours trading in the US on Wednesday.

There was particularly strong growth in the division with technology for fiber optic networks and 5G, among other things, in which sales jumped 42 percent year-on-year to around 1.3 billion dollars. In the largest business area, which supplies technology for data centers, sales increased by seven percent to 5.9 billion dollars./so/DP/he