Computer-networking equipment maker Cisco’s sales rose 4pc during its fiscal fourth quarter and earnings rose 56pc as the company reported stronger revenue and fewer operating expenses.
Cisco’s revenue totalled US$11.7bn for the quarter ended 12 July, an increase of 4pc from the year-ago period.
The company’s net income climbed 56pc from the same period a year ago to US$1.9bn.
Total operating expenses reached US$4.7m, a decrease from US$5.4m in the year-ago period.
Earnings per share amounted to US$0.36.
"As a result of our strong performance, continued execution on our plan to deliver profitable growth, and commitment to shareholders, for the full fiscal year, we delivered revenue growth of 7pc as well as a record year in revenue and earnings per share," Cisco chairman and CEO John Chambers said in a statement yesterday.
"Our strategy – delivering intelligent networks and technology architectures, built on integrated products, services and software platforms, to fuel our customers’ businesses – is proving the right long-term strategy for our success.
“There is no question that our industry and our world are evolving quickly and Cisco is squarely at the centre of major technology market transitions – cloud, mobile, visual, virtual and social."