Cisco Sales & Profits Rise

Cisco Systems has reported its fourth quarter and fiscal year results for the periods ended July 29, 2006.

Net sales for the fourth quarter of fiscal 2006 were $7.98 billion, compared with $6.6 billion for the fourth quarter of fiscal 2005 and compared with $7.3 billion for the third quarter of fiscal 2006. Scientific-Atlanta, Inc., acquired during Cisco’s third quarter of fiscal 2006 on February 24, 2006, contributed $582 million to net sales for the fourth quarter of fiscal 2006.

“Cisco delivered a record quarter across the board, ending a fiscal year that demonstrated our strong momentum and balance across geographies, products and customer segments,” said John Chambers, president and CEO, Cisco Systems. “It’s clear we are executing well and on target against our long-term strategy and our vision of the network enabling almost all forms of communications and IT.

Our vision and unique ability to innovate and capture market transitions are why we believe we are poised for continued growth.

Not only is the network becoming the primary driver of IT and communications, it is becoming the platform for life’s experiences. Our ability to anticipate these changes and execute on our strategy is increasing our market share as well as our share of our customers’ total IT spend.”