Cisco Systems

Cisco Systems Inc. is a publicly traded company having a good stock performance result. Cisco Systems Inc. is a fortune 500 stock listed company trading under CSCO. Cisco was established in 1984 and is headquartered in San Jose, California.

Cisco Systems, Inc. engages in the manufacture and sale of networking and communications products worldwide. Mr. John T. Chambers is chief Executive officer, president, director and chairman of the company. The company provides products for transporting voice, data, and video within buildings and across campuses. It offers routers, which interconnect computer networks by moving voice, data and video from one network to another; and switching systems that are used to build metropolitan-area networks, local-area networks and wide-area networks.

Cisco’s technology products encompass home networking products, which enable users to share Internet access, music, movies, printers, and games; Internet protocol telephony products for transmitting voice communications; optical networking products, which provide a path for telecommunications carriers, as well as for carriers and enterprises; and security products, which protect information systems from unauthorized use. It also offers storage networking products that deliver connectivity between servers and storage systems.  

Net sales for fiscal 2005

were 24.8 billion dollars, compared with 22.0 billion dollars for fiscal 2004, an increase of 12.5 percent. Net income for fiscal 2005, on a GAAP basis, was 5.7 billion dollars or 0.87 dollars per share, compared with 4.4 billion dollars or 0.62 dollars per share for fiscal 2004.

Net sales for the first quarter of fiscal 2006

were 6.5 billion dollars, compared with 6.0 billion dollars for the first quarter of fiscal 2005, an increase of 9.7 percent, and compared with 6.6 billion dollars for the fourth quarter of fiscal 2005, a decrease of 0.5 percent. Net income for the first quarter of fiscal 2006, on a generally accepted accounting principles basis, was 1.3 billion dollars or 0.20 dollars per share which includes stock-based compensation expense of 228 million dollars, net of tax, or 0.04 dollars per share, due to the implementation of SFAS 123. Net income prior to fiscal 2006 did not comprise stock-based compensation expense.

With more than 34,000 employees worldwide, Cisco remains dedicated to creating networks that are smarter for which they thank the built-in intelligent network services which is faster in their capability to perform at ever-increasing speeds; and more durable, with a generational approach to an evolutionary infrastructure.