Revenue grew 27 percent from a year earlier to US$10.4 billion while net income increased 61 percent to $2.2 billion, or $0.37 per share, based on generally accepted accounting principles. Not counting certain one-time items, Cisco earned $0.42 per share, well over the consensus analyst forecast of $0.39 per share, according to a poll by Thomson Reuters. Analysts had forecast revenue of $10.24 billion.
In a statement, Chambers said Cisco had registered record revenue and earnings per share and returned to a trend of balanced growth around the world that it had not seen since before the downturn. He also said Cisco is gaining market share and commanding a larger portion of its customers' spending.