Cisco has published its quarterly figures. The US network specialist’s profits and revenues increased.
A high demand for devices for Internet and data traffic brought the US network specialist Cisco significant business growth in the last quarter.
In the three months to the end of July, the profit rose compared to the previous year by 14 percent to 3.0 billion dollars (2.6 billion euros), as the group announced after the US stock market closed in San Jose, California. Revenues rose eight percent to $ 13.1 billion.
Cisco continued to benefit from the increased trend to work from home as a result of the corona pandemic and a high need for data security, which is why many companies are investing in their IT infrastructure. For the current quarter, the group is forecasting sales growth of between 7.5 and 9.5 percent compared to the previous year. Although the quarterly figures were in line with the analysts’ expectations, Cisco’s shares initially fell by around two percent after the hours of the market.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
