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Cisco profits from transition to cloud, mobility and video

US telecoms equipment vendor Cisco has posted a net profit of US$2.1bn for the third quarter of this year on sales of US$11.9bn, up 18% and 6% respectively on an annual basis, attributing its rude health to the ongoing shift to cloud, mobility and video services.

Also during the three months to September, the company completed its acquisition of UK-based content protection specialist NDS, won major contracts with NBC Olympics and Australia’s NBN Co., and introduced an expanded and enhanced content delivery network portfolio, branded as the Cisco Videoscape Distribution Suite.

“Cisco is at the centre of the major market transitions – cloud, mobility, video – and yet we believe the largest market transition lies ahead of us, as the Internet of Everything becomes a reality,” said John Chambers, Chairman and CEO of Cisco.

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