SAN JOSE, Calif.-Cisco Systems Inc. said it enjoyed a second-quarter net income of $1.3 billion, or 18 cents per share, compared with $991 million, or 14 cents per share, in the year-ago period. The result put a damper on the stocks as the market expected a better showing.
Cisco’s net sales stood at $5.4 billion, compared with $4.7 billion for the second quarter of fiscal 2003.
“Our strong position in the core switching and routing business continues to be complemented by positive momentum in our advanced technologies, especially in storage, security, wireless and IP telephony,” said John Chambers, chief executive officer.
