Cisco earnings (CSCO) for the fiscal second quarter ended January 23rd have beat analysts expectations due to more customers upgrading their hardware for increased wireless and internet traffic. Sales rose to $9.8-billion and profit totaling $1.9-billion from $1.5-billion the same quarter last year. Continue reading to see a holographic Cisco telepresence video from 2007.
Analysts who follow Cisco anticipated the company earning 35 cents a share on sales of $9.409 billion on average, according to a consensus estimate compiled by Thomson Reuters. “…We believe [the results] provide a clear indication that we are entering the second phase of the economic recovery,” CEO John Chambers said in a statement.