Cisco on Tuesday reported strong growth in revenue and profit for a fiscal third quarter in which it made several acquisitions that it expects to help power Web 2.0.
The dominant network vendor’s revenue rose to $8.9 billion for the quarter, up 21% from the same quarter a year earlier. Net income grew almost 34% to $1.9 billion, for earnings per share of 30 cents, on a GAAP (generally accepted accounting principles) basis.
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