Cisco Reports Strong Growth - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Cisco Reports Strong Growth

Networking vendor says revenue and net income grew in the fourth quarter and for the full year.

Cisco Systems is one of the technology industry's bellwether companies whose earnings statements can move the market up or down. So the strong report the company issued Tuesday may provide good news for the rest of the tech sector.

Cisco ended its fiscal fourth quarter and 2004 on a positive note, matching advance projections and third-party estimates. During the fourth quarter ended July 31, revenue was $5.9 billion, up 26% from the $4.7 billion reported in the same quarter a year ago. Net income for the quarter grew 30%, from $983 million to $1.4 billion this year. Earnings per share went from 14 cents to 20 cents.

For fiscal 2004, Cisco's revenue was $22 billion, 16.8% higher than the $18.9 billion reported in 2003. Net income for the year was $4.4 billion, 19% higher than net income of $3.6 billion last year. Annual earnings per share grew from 50 cents to 62 cents.

Cisco president and CEO John Chambers said in a statement that advances in emerging markets, along with innovation in the core business and advanced technologies, led to the positive results.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
White Papers
Register for InformationWeek Newsletters
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Flash Poll