Boston, MA 05/20/2013 (wallstreetpr) – The designer, manufacturer and seller of internet protocol based networking and other products related to IT industry, the Cisco Systems Inc. (NASDAQ:CSCO) had registered third quarter results which surpassed the analyst estimates. The company had decreased in its share prices by 1.65 percent and currently trading at $23.85 per share for the last trading session. Cisco Systems Inc. (NASDAQ:CSCO) had posted $12.2 billion net sales , which is 5% increase over the previous year and the revenues were observed to be $2.5 billion or $0.46 per share.
Results of third quarter
The chairman and Chief Executive Officer of Cisco Systems Inc. (NASDAQ:CSCO), John Chambers had conveyed that he is highly positive of the financial performance and future prospects of the company. The CEO reported that the company had been operating effectively in a slow and steady economic environment by tapping on to the advantages offered through mobile, cloud and video based technological advancements.
Cisco Systems Inc. (NASDAQ:CSCO) had registered positive revenues consecutively for the ninth quarter and the strategic decision making of the company to tap from the revolutionizing of the internet world had led the company to these results. Cisco Systems Inc. (NASDAQ:CSCO) had been involved in share buyback and payment of dividends to its shareholders, thereby enlightening them. The company had spent a total of $1.8 billion for such purposes and the shareholders had received $0.17 per share as dividends. Cisco Systems Inc. (NASDAQ:CSCO) is positive about the signs that are developing in the economic environment of the United States.
