Strong financial results from Internet infrastructure equipment maker Cisco Systems are a good sign that the economic recovery is under way.
The company on Wednesday reported that profits for its second fiscal quarter, which ended January 23, were up 23 percent compared to a year ago. The company reported profits of $1.9 billion, or 32 cents a share. A year ago, it reported a profit of $1.5 billion, or 26 cents a share.
Revenue was $9.8 billion, an 8 percent increase compared to the same period a year ago. Cisco had not seen year-over-year revenue growth since … Read more