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| CSCO |
Cisco Systems (CSCO) announced Wednesday fiscal fourth-quarter earnings fell last year, but exceeded estimates.
Networks quarter profit corporation fourth of this equipment was $ 1.2 billion, or 22 cents a share, against $ 1.9 billion, or 33 cents per share last year. The results include a fourth quarter $ 772 million pre-tax non-recurring costs related to 6500 jobs during the leave. Except this charge, Cisco got 40 cents per share, beating analysts' approximate of 38 cents per share. Estimates of non-recurring charges.
Net sales about rose 3.3 percent to $ 11.2 billion, says the analyst of more than $ 11 billion. But sales of switches decreased 4 percent to 3.44 billion crowns.
Many competitors of Cisco in the networking space have posted lackluster earnings outlook and smoothly. Cisco has worked to reduce spending in the fourth quarter, including massive layoffs last month to have less fat than the economy afloat.
"When you start the next exercise, you will see a very focused and nimble, the company is a lean, aggressive," said John Chambers, Cisco CEO of opinion.
Networks quarter profit corporation fourth of this equipment was $ 1.2 billion, or 22 cents a share, against $ 1.9 billion, or 33 cents per share last year. The results include a fourth quarter $ 772 million pre-tax non-recurring costs related to 6500 jobs during the leave. Except this charge, Cisco got 40 cents per share, beating analysts' approximate of 38 cents per share. Estimates of non-recurring charges.
Net sales about rose 3.3 percent to $ 11.2 billion, says the analyst of more than $ 11 billion. But sales of switches decreased 4 percent to 3.44 billion crowns.
Many competitors of Cisco in the networking space have posted lackluster earnings outlook and smoothly. Cisco has worked to reduce spending in the fourth quarter, including massive layoffs last month to have less fat than the economy afloat.
"When you start the next exercise, you will see a very focused and nimble, the company is a lean, aggressive," said John Chambers, Cisco CEO of opinion.
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