Cisco Reports Q4 Profit of $2.3B
SAN JOSE, Calif. — Cisco (NASDAQ: CSCO)
- Q4 Revenue: $12.4 billion (increase of 6% year over year)
- Q4 Earnings per Share: $0.42 GAAP; $0.52 non-GAAP
- FY 2013 Revenue: $48.6 billion (increase of 6% year over year)
- FY 2013 Earnings per Share: $1.86 GAAP; $2.02 non-GAAP
Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its fourth quarter and fiscal year results for the period ended July 27, 2013. Cisco reported fourth quarter revenue of $12.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.42 per share, and non-GAAP net income of $2.8 billion or $0.52 per share.
"My confidence in our ability to be the #1 IT Company is increasing. Our fourth quarter was a record on many fronts, with record revenue, and record non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share. In every case, we exceeded the midpoint of our guidance. We also generated $4 billion in operating cash flow in the quarter, another record," stated Cisco Chairman and CEO John Chambers.
"Now, more than ever, our customers and our partners want Cisco's help navigating the inconsistent global landscape successfully. They recognize the benefit of a partner who is not only the leader in their product categories, but can bring technologies and solutions together in an architecture to lower operating costs, reduce time to results, and future proof their investments."