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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesNetworkingtelecommunicationfinancial resultsCisco Systems

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments