Cisco Blogs

Cisco Reports Q1 FY2011 Earnings

November 10, 2010 - 4 Comments

Today, we reported our first quarter results for the period ended October 30, 2010.  We reported first quarter net sales of $10.75 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.34 per share, and non-GAAP net income of $2.4 billion or $0.42 per share.  Q1 was a solid quarter for Cisco from a financial, product, customer and geographic perspective.  We continue to execute well with a compelling financial position, expanding innovation engine and execution in both our core markets and market adjacencies.

Cisco Chairman and CEO John Chambers commented:

“Cisco delivered solid financial results, during a challenging economic environment. While we have seen capital spending moderate in some areas of our business, our execution in the areas we can control and influence speak to the success and relevance of the company’s strategy.  Our position in the market, including continued product innovation, market share momentum and operational excellence, positions us for growth and flexibility well into the future as we strengthen our role as a trusted business partner to our customers.”

Earlier this week, we released our key technology and customer highlights for the quarter, including acquisitions and new products.

In this video, Marthin De Beer, senior vice president of the Cisco Emerging Technologies Business Group outlines key technology innovation milestones in the 1st quarter of FY11 on behalf of the Cisco Development Organization.

Podcast of the earnings call.

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  1. Yea mine got rocked as well. Lets hope for the best.

  2. I used to work in the technology sector, but due to reports like these had to get back into construction. Here’s hoping that Cisco, and many of the other major players, can turn things around.

  3. Wow did my stocks take a beating on this report. Hope you guys are working to bring it back up soon! I love the company and fully believe you will.

  4. Merci