Cisco reports 44% quarterly profit jump February 15, 2013 - 21:59 AMT PanARMENIAN.Net - Profits at Cisco, the world's largest maker of networking equipment, have jumped by 44% on the same period a year ago as spending on technology picks up, BBC News reported. The company, seen as an indicator for the technology sector in general, made $3.1bn (£1.99bn) in the three months to the end of January. The figure included tax credits and benefits of almost $1bn. Cisco sells routers, switches, software and services. Buyers are both firms and governments around the world. Cisco's chief executive John Chambers said that although economic conditions were challenging, demand for his company's products was strong. He said in a statement: "Cisco delivered record earnings per share this quarter and record revenue for the eighth quarter in a row in a challenging economic environment" Last year the company began a restructuring program with the aim of cutting expenses by about $1bn.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
