Menu
Cisco Q4 revenue, profit flat in 'tough environment'

Cisco Q4 revenue, profit flat in 'tough environment'

The company beat analysts' forecasts for revenue

Cisco's revenue and net income for the past three years

Cisco's revenue and net income for the past three years

Cisco Systems posted fiscal fourth-quarter revenue and earnings that were roughly flat from a year earlier as the company works through what chairman and CEO, John Chambers, called "a tough environment."

The dominant networking company brought in $US12.4 billion in revenue for the quarter ended July 26, equal to the figure it logged in last year's fourth quarter. Its net income dipped slightly, to $US2.2 billion from $US2.3 billion a year earlier, but earnings per share were up by $0.01, reaching $0.43 per share.

Cisco's revenue surpassed the consensus forecast of $US12.14 billion from analysts surveyed by Thomson Reuters. Its earnings, excluding certain one-time items, matched the analysts' expectations.

The fourth-quarter report closes out a difficult year for Cisco, which began with a first quarter when the company missed its own revenue forecast and posted lower earnings. Chambers blamed slow demand in developing countries and difficult product transitions. Last December, the company cut its long-term revenue growth forecast.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com


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 issuesNetworkingfinancial resultsCisco Systems

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments