Cisco reported its first quarter results for the period ended October 29, 2011. The company reported first quarter net sales of $11.3 billion, and net income of $1.8 billion or 33 cents per share.

Cash flows from operations were $2.3 billion for the first quarter of fiscal 2012, compared with $1.7 billion for the first quarter of fiscal 2011, and compared with $2.8 billion for the fourth quarter of fiscal 2011. Cash and cash equivalents and investments were $44.4 billion at the end of the first quarter of fiscal 2012, compared with $44.6 billion at the end of fiscal 2011.
Select Global Business Highlights

• Cisco announced the acquisition of privately held Versly, which integrates collaboration capabilities through a plugin to Microsoft Office applications, simplifying the way people work by enabling more effective collaboration around content in documents, spreadsheets, presentations and email.
• Cisco completed the acquisition of the AXIOSS software assets that give Cisco the ability to extend network and service management technologies across its next-generation IP network platforms.
• Cisco announced its intent to acquire privately held BNI Video, which supplies service providers with two major video products that offer video back-office and content delivery network analytic capabilities.
• Cisco announced its collaboration with Microsoft to deliver data center virtualization solutions designed to provide improved scalability and operational control of Microsoft Windows Server 8 virtual environments.
• Cisco and Citrix Systems announced that they entered into a strategic alliance to develop and deliver solutions that help customers simplify and accelerate large-scale desktop virtualization deployments.
• Cisco and HP announced another option to bridge their data center server and networking architectures, the Cisco Fabric Extender for HP BladeSystem, also known as the Cisco Nexus B22 Fabric Extender for HP.

Cisco Innovation

• Cisco introduced additions to its data center networking portfolio.
• Cisco introduced new video content solutions and capabilities that enable customers to capture, enhance and analyze video, making it easier to find and access video content on any device at any time.
• Cisco introduced new and expanded offerings — from value-priced endpoints to an HD video software client to a hosted solution — that are designed specifically to make the Cisco TelePresence experience widely available, including to small and medium-sized businesses.
• Cisco announced three new platforms in the Cisco ASR 9000 Series Aggregation Services Routers engineered to facilitate the proliferation of new mobile Internet services and devices such as tablets, smartphones and connected appliances.
• Cisco launched the industry’s first integrated wireless IPTV service with AT&T.
• Cisco unveiled the next phase of its Virtualization Experience Infrastructure (VXI) with a series of offerings and innovations designed to deliver uncompromised desktop virtualization experiences.
• Cisco introduced a set of Wide Area Application Services (WAAS) and wide-area network (WAN) optimization appliances.

Select Customer Announcements

• Charter Communications, is deploying the Cisco CRS-3 Carrier Routing System and Cisco ASR 9000 Series Aggregation Services Routers to deliver video, data, voice and mobile backhaul services to residential and commercial customers.
• The Staples Center in Los Angeles started using new high-definition digital video solutions developed by Cisco and Verizon.
• Perú Credit Bank chose the Cisco Data Center architecture from Cisco’s Data Center and Virtualization solutions.
• The Buenos Aires Provincial Judiciary started using Cisco TelePresence technology to optimize legal services by facilitating the delivery of statements by experts in criminal processes.
• Shaw Communications and Cisco announced an agreement to deploy Wifi network in Western Canada.
• Kabel Deutschland selected the Cisco ASR 9000 Series Aggregation Services Routers to upgrade its broadband and video network.
• Mobile TeleSystems, a telecommunications service provider in Russia and other Commonwealth of Independent States (CIS) countries, deployed the Cisco CRS-3 Carrier Routing System.