June 2008 -- In 2007, computer networking equipment company Cisco Systems Inc. improved in several key
financial areas, including a 23% increase in revenue. Net sales for the year were $34.9 billion
compared with $28.5 billion in 2006. Profit rose to $7.3 billion, a 31.4% increase over the
previous year. Contributing to the company's revenue increase was the Feb. 24, 2006 acquisition
of Scientific-Atlanta Inc., which added $2.8 billion to the company's net sales. Looking ahead,
Cisco CEO John Chambers envisions a "new era in networking."
"We expect that this phase will be driven by collaboration and Web 2.0 technologies and will
become an increasingly influential market trend for businesses," he noted. "Collaboration has
already transformed almost every area of our business internally, resulting in the potential for
dramatic gains in productivity and efficiency. We believe this new model will help enable Cisco
to identify, target and capture market opportunities more effectively than at any other time in
our history."
