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

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesCisco SystemsNetworkingfinancial results

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments