Cisco Q2 results soar by half

NEWS Cisco has reported second quarter (Q2) results showing a turnover of $4.35bn, up 53 per cent on the previous year. The networking giant also announced its intention to make a two-for-one stock split, the ninth stock split it has made since flotation in 1990. The company's income had increased from $609m to $906m in the same period last year, an increase of 49 per cent. Cisco's stock rose $7 on the news in mid-day trading, increasing the company's value by $25bn.