Sales for the quarter ended May 1 were $5.6 billion, compared to $4.6 billion for the same period a year ago. Net income for the quarter increased to $1.2 billion, or 17 cents a share, from $987 million, or 14 cents a share, a year ago.

Cash flows from operations were $2.4 billion for the quarter, the highest ever reported by the company. Cash flows for the same quarter a year ago was $1.3 billion.

In a conference call discussing the results, Chambers said he "continues to be more optimistic than I was going into the last quarter," claiming that Cisco customers "are becoming more optimistic, and starting to spend." Cisco said it plans to hire new employees soon, to take advantage of what it sees as a continued economic recovery.

By: DocMemory
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