Cisco reported a better-than-expected fourth quarter as the company weathered a tricky fiscal year.
Cisco reported fourth-quarter earnings of $1.9 billion, or 36 cents a share, on revenue of $11.7 billion, up 4 percent from a year ago. Non-GAAP earnings were 47 cents a share.
Wall Street was expecting non-GAAP earnings of 45 cents a share on revenue of $11.6 billion.
For fiscal 2012, Cisco reported earnings of $8 billion, or $1.49 a share, on revenue of $46.1 billion, up 7 percent from a year ago.
In a statement, Cisco CEO John Chambers said the … Read more