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Cisco's Q4 Is a Mild Surprise

Cisco Systems Inc. (Nasdaq: CSCO) reported higher than expected profits Wednesday, although expectations for any future good news remain muted.

For its fourth quarter, which ended July 30, Cisco reported revenues of $11.2 billion and net income of $1.2 billion, or 22 cents per share. A year ago, Cisco reported fourth-quarter revenues of $10.8 billion and net income of $1.9 billion, or 33 cents per share. (See Cisco's Q4 Is a Mild Surprise.)

Non-GAAP net income of 40 cents per share beat the analysts' consensus forecast by 2 cents, according to Thomson Reuters . Revenues were just a bit higher than the $10.97 billion analysts had predicted.

Analysts are expecting revenues to stay flat for Cisco's first quarter, which ends in October. In general, they're not expecting big things when Cisco delivers its earnings forecast later on Wednesday. (See Cisco's Q4 Could Be Quiet.)

— Craig Matsumoto, West Coast Editor, Light Reading

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