1995 Was One For The Books
For Cisco Systems Inc., 1995 was the year when all the chips fell into place. Corporations were suddenly racing to do more of their business across computer networks--including the Internet. And as the network traffic rose, so did demand for the switches that Cisco makes to manage the Net. Sales raced up 73% last year, to $2.7 billion, while earnings rocketed 94%, to $634 million. "Less than 1% of the world has Internet access," exults Cisco Chief Executive John T. Chambers. "We're in the very early innings of this game."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.