Cisco Meets Its Q4 Mark
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