Cisco quarterly business receipts and profits rose for the first time in a year

Xinhua San Francisco, February 3 (Xinhua Morel) The financial report released by Cisco on 3rd showed that revenues and net profits of the world's largest network equipment maker had risen year-on-year in the last quarter.　　The results reversed a year-on-year decline in Cisco's revenues and net profits for 4 consecutive quarters, seen as a reflection of the start of a recovery in corporate information technology spending. Cisco said its revenues amounted to $9.8 billion in the second quarter of the company's fiscal year 2010 as of January 23, compared with $9.1 billion a year earlier.　　This is not only beyond Wall Street analysts ' expectations, but also higher than Cisco's own earlier estimate of 1% to 4% per cent. In addition, Cisco's net profit for the quarter was $1.9 billion trillion, an increase of about 23% per cent.　　Earnings per share that deduct some one-off fees are also higher than analysts ' forecasts. In a statement, Cisco's chief executive, Chambers, said that in almost all of its business areas there had been significant overall acceleration and quarter-on-quarter improvement in the quarter, and that the results clearly showed that "the economic recovery is entering a second phase". In a conference call with analysts on the same day, he said Cisco plans to recruit 2000 to 3,000 new employees in the next few quarters.