Digital TV helps Cisco grow sales 5%

The company’s ‘service provider video’ division, which sells digital TV infrastructure to broadcasters, saw a 20% jump in sales to £1.2 billion. Since the year-ago period, Cisco acquired UK-headquarted digital TV supplier NDS.

That bump helped to compensate for a 6% decline in sales of Cisco’s ‘next generation network’ (NGN) router business, down to $1.9 billion.

The switch division, Cisco’s largest, grew by 3% to $3.7 billion.

Net income jumped 44% to $3.1 billion despite the company growing its headcount by 10,000, up to 73,000, during the year.

“Cisco delivered record earnings per share this quarter and record revenue for the 8th quarter in a row in a challenging economic environment, CEO John Chambers said in a statement. “We continue to drive the innovation, quality and leadership our customers expect, and we remain focused on consistent returns to our shareholders.”

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Ben Rossi

Ben was Vitesse Media's editorial director, leading content creation and editorial strategy across all Vitesse products, including its market-leading B2B and consumer magazines, websites, research and...

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