SA pumps up Cisco’s third quarter
Results from Cisco’s third fiscal quarter (ended April 28, 2007) included sales of $8.9 billion, up 21 percent from last year, and net income of $1.9 billion, up 33.9 percent from the company’s Q3 of 2006. Cisco’s Scientific Atlanta experienced a great burst in sales, to $752 million, up from $407 million last year.
Record revenue for Scientific Atlanta was driven by several factors, including the impact of Regulation 707, a shift in the installed base to HD set-top-boxes, network upgrades and international expansion.
The “707 regulation” is the mandate from the FCC that cable operators on July 1, 2007 (7/07), begin populating their systems with set-tops that have separable security modules.