SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 2004--Cisco Systems,
Inc. (Nasdaq:CSCO)
-- Q3 Net Sales: $5.6 billion (21.7% increase year over year;
4.1% increase quarter over quarter)
-- Q3 Operating Cash Flows: $2.4 billion
-- Q3 Earnings Per Share: $0.17 GAAP; $0.19 pro forma
Cisco Systems, Inc., the worldwide leader in networking for the
Internet, today reported its third quarter results for the period
ended May 1, 2004.
Net sales for the third quarter of fiscal 2004 were $5.6 billion,
compared with $4.6 billion for the third quarter of fiscal 2003, an
increase of 21.7 percent, and compared with $5.4 billion for the
second quarter of fiscal 2004, an increase of 4.1 percent.
Net income for the third quarter of fiscal 2004, on a generally
accepted accounting principles (GAAP) basis, was $1.2 billion or $0.17
per share, compared with $987 million or $0.14 per share for the third
quarter of fiscal 2003, and compared with $724 million or $0.10 per
share for the second quarter of fiscal 2004. Pro forma net income for
the third quarter of fiscal 2004 was $1.4 billion or $0.19 per share,
compared with $1.1 billion or $0.15 per share for the third quarter of
fiscal 2003, and compared with $1.3 billion or $0.18 per share for the
second quarter of fiscal 2004. A reconciliation between net income on
a GAAP basis and pro forma net income is provided in a table
immediately following the Pro Forma Consolidated Statements of
Operations.
Net sales for the first nine months of fiscal 2004 were $16.1 billion,
compared with $14.2 billion for the first nine months of fiscal 2003,
an increase of 13.7 percent.
Net income for the first nine months of fiscal 2004, on a GAAP basis,
was $3.0 billion or $0.43 per share, compared with $2.6 billion or
$0.36 per share for the first nine months of fiscal 2003. Pro forma
net income for the first nine months of fiscal 2004 was $3.9 billion
or $0.54 per share, compared with $3.2 billion or $0.44 per share for
the first nine months of fiscal 2003.
During the third quarter of fiscal 2004, Cisco(R) completed the
acquisition of Riverhead Networks, Inc. for a purchase price of
approximately $36 million and completed the acquisition of Twingo
Systems, Inc. for a purchase price of approximately $5 million.
- http://finance.lycos.com/home/news/story.asp?story=41356336