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,
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