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Cisco Meets Its Q4 Mark

Cisco Systems Inc. (Nasdaq: CSCO) closed out its 2012 fiscal year with a earnings report Wednesday afternoon that exceeded analysts' expectations.

For its fourth quarter, which ended July 28, Cisco reported revenues of $11.7 billion and net income of $1.9 billion, or 36 cents per share. For the same quarter a year ago, Cisco had reported revenues of $11.2 billion and net income of $1.2 billion, or 22 cents per share.

Non-GAAP net income of 47 cents per share beat the 45 cents per share analysts were expecting, according to Thomson Reuters .

Of course, fourth-quarter expectations were muted, as Cisco had previously noted the quarter was looking weak. (See Good Times Slow Down at Cisco.)

— Craig Matsumoto, Managing Editor, Light Reading

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