Cisco sales, profit soared in Q4

The company's revenue rose 27 percent to $10.8 billion while net income jumped 74 percent

Cisco Systems revenue and profit both grew significantly in the company's fiscal fourth quarter that ended in July, the company announced on Wednesday.

Sales rose 27 percent from a year earlier, hitting $10.8 billion for the quarter. For its full fiscal year, the company reported revenue of $40 billion, up 11 percent from the previous year.

Net income for the quarter was $1.9 billion or $0.33 per share, up 74 percent from a year earlier. Not including one-time items, the company earned $0.43 per share, up 39 percent. This slightly exceeded the consensus forecast by analysts polled by Thomson Financial, who had expected $0.42 per share.

The fiscal year ended July 31 was a period of dramatic expansion for Cisco, which acquired Norwegian business video vendor Tandberg and continued its push into the server business following its Unified Computing System introduction in March 2009.

More to come.

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Stephen Lawson

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