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

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

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?