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	<title>RepStreet &#187; profitability</title>
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		<title>Strong Cisco Earnings</title>
		<link>http://www.repstreet.com/04/strong-cisco-earnings/</link>
		<comments>http://www.repstreet.com/04/strong-cisco-earnings/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 21:35:10 +0000</pubDate>
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		<description><![CDATA[The company reported strong earnings this afternoon. Earnings per share were $0.36 above the expected $0.31.  Cisco also announced today that its board of directors is authorizing up to $10 billion in additional repurchases of its common stock.

Q1 Net Sales: $9.0 billion (decrease of 13% year over year)
Q1 Net Income: $1.8 billion GAAP; $2.1 billion [...]]]></description>
			<content:encoded><![CDATA[<p>The company reported strong earnings this afternoon. Earnings per share were $0.36 above the expected $0.31.  Cisco also announced today that its board of directors is authorizing up to $10 billion in additional repurchases of its common stock.</p>
<ul>
<li><em>Q1 Net Sales:</em> $9.0 billion (decrease of 13% year over year)</li>
<li><em>Q1 Net Income:</em> $1.8 billion GAAP; $2.1 billion non-GAAP</li>
<li><em>Q1 Earnings per Share:</em> $0.30 GAAP (decrease of 19% year over year); $0.36 non-GAAP (decrease of 14% year over year)</li>
<li><em>Total Cash, Cash Equivalents and Investments:</em> $35.4 billion</li>
</ul>
<p> </p>
<p>Find full story <a href="http://finance.yahoo.com/news/Cisco-Reports-First-Quarter-iw-4146197076.html?x=0&amp;.v=1">here.</a></p>
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