US telecoms equipment vendor Cisco has posted strong revenues and net profits for the second quarter of this year and also its full fiscal 2012 which ended in June.
CEO John Chambers attributes this strong performance (at a time when many other major vendors are struggling) to its position at the confluence of several major technology market transitions – cloud, mobile, visual, virtual and social.
Fiscal 2012 turnover reached US$ 46.1bn, up 7% year-on-year, while net profits rose 24% to reach US$ 8bn.
Revenues for the second quarter of this year reached US$ 11.7bn, up 4%, and net income rose a whopping 56% to reach US$ 1.9bn.
Operating highlights for the company’s fiscal 2012 include the acquisition of ClearAccess, a provider of provisioning software, as well as analytics specialist Truviso, and most recently UK-based content protection experts NDS for US$ 5bn.
Significant product launches in the period include the launch of the Cisco Cloud Connected Solution, the Cisco Open Network Environment, and its carrier-grade IPv6 solution.