In general, the company's sales in the completed financial quarter increased compared to the same period of the previous year by 2% and amounted to 11.9 billion dollars net profit, "clean money" amounted to USD 3.1 billion. The volume of sales of switches - . . One of the major Cisco product - fell by 4%, while sales of security solutions increased by 11%.
Cisco Systems, Inc. released the results of the second quarter, which is its financial calendar, unlike many companies ends on 23 January. However, after the fall in oil prices and the downturn in the global financial markets in the first days of the new year, the company reported a decline in network equipment sales, which affected both the results of the last quarter, and the outlook for the next quarter. Customers intending to wait and see how events will unfold.
In the current quarter, Cisco plans to increase the volume of sales compared to last year by an amount of 1% to 4 % . The range was so broad because of the economic uncertainty observed since the beginning of the year, explained in the company.