clipped from www.mercurynews.comCisco profit boosts shares
Q4 PERFORMANCE TOPS INVESTORS' EXPECTATIONS
By Peter Svensson
Associated Press
Associated Press
NEW YORK - Cisco Systems said Tuesday that sales would be weaker than analysts had forecast in the next few quarters, but investors who had expected worse were cheered.
Chief Financial Officer Frank Calderoni said the results, coming in "a quarter of somewhat uncertain macroeconomic conditions," demonstrated the strength of the company's
In the just-ended fiscal year, Cisco's earnings were $8.1 billion, or $1.31 a share, on sales of $39.5 billion. In the previous fiscal year, net income was $7.3 billion on revenue of $34.9 billion.
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