/// Cisco’s Q4 Results Beat Street Expectations, but Not by Much

August 14, 2013  |  All Things Digital


Quarterly results from networking giant Cisco Systems have just crossed the wires, and they’re good, but perhaps not good enough. Cisco reported per-share earnings of 52 cents on sales of $12.4 billion. The EPS results were better than the 51 cents and $12.41 billion that analysts had forecast, but just beat them by a whisker. Sales fell slightly short. Investors seem a little upset, as Cisco shares fell in after-hours trading by nearly three percent, to $25.65 a share. Here’s Cisco’s announcement: Cisco Reports Fourth Quarter and Fiscal Year 2013 Earnings SAN JOSE, CA — (Marketwired — Aug 14, 2013) — Cisco (NASDAQ: CSCO) Q4 Revenue: $12.4 billion (increase of 6% year over year) Q4 Earnings per Share: $0.42 GAAP; $0.52 non-GAAP FY 2013 Revenue: $48.6 billion (increase of 6% year over year) FY 2013 Earnings per Share: $1.86 GAAP; $2.02 non-GAAP Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its fourth quarter and fiscal year results for the period ended July 27, 2013. Cisco reported fourth quarter revenue of $12.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.42 per share, and non-GAAP net income of $2.8 billion or $0.52 per share. “My confidence in our ability to be the #1 IT Company is increasing. Our fourth quarter was a record on many fronts, with record revenue, and record non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per share. In every case, we exceeded the midpoint of our guidance. We also generated $4 billion in operating cash flow in the quarter, another record,” stated Cisco Chairman and CEO John Chambers. “Now, more than ever, our customers and our partners want Cisco’s help navigating the inconsistent global landscape successfully. They recognize the benefit of a partner who is not only the leader in their product categories, but can bring technologies and solutions together in an architecture to lower operating costs, reduce time to results, and future proof their investments.” GAAP net income and GAAP earnings per share for the fourth quarter and fiscal year ended July 27, 2013 include the previously disclosed charge of $0.03 per share for the TiVo, Inc

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Cisco’s Q4 Results Beat Street Expectations, but Not by Much


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