Cisco continues to increase its sales in the third quarter of 2013 exceeding market expectations

Cisco has completed the third quarter of its fiscal year 2013 with a turnover that reaches 12.200 million dollars and expects that in these last three months its income will grow between 4 and a 7%.

In the third quarter of its fiscal year 2013, finished the 27 April, Cisco has continued to increase its results with a turnover that has reached 12.200 million dollars, with GAAP profits of 2.500 million dollars or 46 cents per share, and a net income on a non-GAAP basis of 2.700 million dollars or 51 cents per share.

These figures exceed those obtained in the previous quarter, that achieved sales of 12.100 million dollars, exceeding the expectations of Wall Street experts who predicted that it would not reach the 12.180 million.

Throughout these nine months, Cisco has entered 36.200 millions of dollars against 34.400 million from the same period of the fiscal year 2012. GAAP net income is 7.700 million or 1,44 dollars the title, and non-GAAP amounts to 8.000 million or 1,50 dollars the title. In comparison, During the nine equivalent months of last year, 6.100 million (1,13 dollars per share) GAAP and 7.500 million (1,38 pro action dollars) non-GAAP.

John Chambers, president and CEO of Cisco, sees the future with optimism and thinks that the company is well positioned. “Especially when it comes to data centers and wireless devices. Sales of its UCS server unit (Unified Computing System) and switches for data centers have grown by 77%. On the whole, UCS and the Nexus line of switches now represent annual business valued at 5.500 million dollars”.

The company's prospects point to its revenue growing between 4 and a 7% during the current quarter compared to current figures.