Cisco Systems, Inc. (NASDAQ:CSCO) was incorporated in 1984 and is engaged in designing, manufacturing and marketing of internet protocol IP based networking and other products related to communications and information technology industry around the globe. Based in San Jose, California, the company offers routers, security products, unified communication products, optical networking products, service provider VOIP services and lot more. The company maintains strategic alliances with several companies including Accenture Ltd, AT&T, Cap Gemini SA, EMC Corporation, Fujitsu Limited, Inter Corporation, International Business Machines Corporation, ItaltelSpa, Johnson Controls Inc, Microsoft Corporation, Nokia Corporation, Nokia Siemens Networks, Oracle Corporation, SAP AG, Tata Consultancy Services Ltd, Wipro Limited, BMC Software Inc, VMware Inc and Sprit Nextel Corporation.
Cisco Systems, Inc. (NASDAQ:CSCO) maintains the highest dividend yield among 23 networking and communication devices manufacturers. The company is ranked 3rd among its industry peers by return on equity. The company maintains the return on equity of 14.18 percent as compared to highest ROE of 16.87 percent in its industry.
Cisco Systems, Inc. (NASDAQ:CSCO) generated the total revenue of $11.19 billion for the quarter ended July 30th 2011 as compared to revenue of $ 10.83 billion for the same period last year. The company reported the net profit of $ 1.23 billion or diluted earnings of $ 0.22 per share for the respective quarter as compared to net income of $1.93 billion or earnings of $0.33 per share last year.
The company’s total assets accumulate up to $87.09 billion with highest proportion of current assets in its composition. The company maintains enough short term liquidity position to cover its liabilities as per its current ratio of 3.43 times.Previous Post » Dow Jones Jumps 2.97 percent on Tuesday with Exxon Mobil, Chevron and JP Morgan among top Bulls