San Francisco - Networking giant Cisco reported a 4.4-per- cent rise in quarterly profits Tuesday as the company recorded its first-ever quarter in which sales topped 10 billion dollars.
The Silicon Valley company, the world's largest maker of the routers and switches that run the internet, posted a fiscal fourth- quarter profit of 2 billion dollars, or 33 cents a share. That's up from 1.9 billion dollars, or 31 cents a share, in the year-ago quarter as sales rose to 10.4 billion dollars from 9.4 billion dollars a year ago.
For fiscal year 2008, the company reported net sales of 39.5 billion dollars, up 13.2 per cent from 34.9 billion dollars in sales in 2007. Profits were up 9.8 per cent to 8.1 billion dollars from 7.3 billion dollars last year.
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