Menu
Cisco sales, profit soared in Q4

Cisco sales, profit soared in Q4

The company's revenue rose 27 percent to $10.8 billion while net income jumped 74 percent

Cisco Systems revenue and profit both grew significantly in the company's fiscal fourth quarter that ended in July, the company announced on Wednesday.

Sales rose 27 percent from a year earlier, hitting $10.8 billion for the quarter. For its full fiscal year, the company reported revenue of $40 billion, up 11 percent from the previous year.

Net income for the quarter was $1.9 billion or $0.33 per share, up 74 percent from a year earlier. Not including one-time items, the company earned $0.43 per share, up 39 percent. This slightly exceeded the consensus forecast by analysts polled by Thomson Financial, who had expected $0.42 per share.

The fiscal year ended July 31 was a period of dramatic expansion for Cisco, which acquired Norwegian business video vendor Tandberg and continued its push into the server business following its Unified Computing System introduction in March 2009.

More to come.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesCisco SystemstelecommunicationNetworkingfinancial results

Featured

Slideshows

Channel celebrates as HP marks 50 years in NZ

Channel celebrates as HP marks 50 years in NZ

HP marked 50 years in New Zealand at an event in the vendor's Auckland's headquarters last night, with a host of key channel figures coming along to celebrate. Photos by HP.

Channel celebrates as HP marks 50 years in NZ
EDGE 2017 - Icebreaker Sessions round 2

EDGE 2017 - Icebreaker Sessions round 2

EDGE guests experience the value of networking at the second round of Icebreaker sessions.. Photos by Maria Stefina

EDGE 2017 - Icebreaker Sessions round 2
Show Comments