Cisco reports $9.6 billion sales in first quarter

Cisco has reported net sales of 9.6 billion dollars in the first quarter that ended on October 27. Cisco is world-wide leader in networking that transforms how people connect, communicate and collaborate.

Similarly net income on a generally accepted accounting principles (GAAP) basis of YS 2.2 billion dollars or 0.35 dollars per share, and non-GAAP net income of 2.5 billion dollars or 0.40 dollars per share.

Chairman and Chief Executive Officer John Chambers said: "We believe these strong results show that Cisco is well-positioned in terms of our vision, differentiated strategy and execution, and our ability to act upon key market transitions."

Cisco has acquired Navini networks, which is a pioneer and leader in mobile WiMax broadband wireless industry. This will result in many more Internet users who can use economically high speed Internet