By Sally Watson
Published: 5 November 1998 17:26 GMT
Cisco has exceeded all predictions for its first quarter results, ending 24 October. Net sales were up 38 per cent on last year at $2.59bn, while net income reached $559m - excluding a one-off charge for the acquisition of the American Internet Corporation. The company's income for the same period last year was $416m.
The networking giant's shares rose to 3.4 per cent at $66.13.
Chief executive John Chambers said he is pleased with the results. He put the company's revenue growth down to a dramatic increase in awareness of the Internet's business benefits. The company said sales were strong in all of its major markets.
The solutions are sold on a results basis, i.e.if you don't optimise a company's search engine performance you don't charge them anything. On average ...
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