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
Error: Please check your email address.

Tags business issuesNetworkingtelecommunicationfinancial resultsCisco Systems

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments