Cisco Announces 2-for-1 Stock Split

Company reports Q2 earnings of $4.35 billion

February 8, 2000

1 Min Read

Cisco Systems, Inc., the worldwide leader in networking for the Internet, today reported its second quarter results for the period ending January 29, 2000.

Net sales for the second quarter of fiscal 2000 were $4.35 billion, compared with $2.85 billion for the same period last year, an increase of 53%. Pro forma net income, which excludes the write-off of purchased in-process R&D, acquisition-related costs, the amortization of goodwill and purchased intangible assets, and the net gain on the sale of certain minority investments, was $906 million or $0.25 per share, compared with pro forma net income of $609 million or $0.17 per share for the second quarter of fiscal 1999, increases of 49% and 47%, respectively.


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