Feeds

Cisco turns revenue switch higher in Q4

Inventory concerns

  • alert
  • submit to reddit

Intelligent flash storage arrays

Cisco Systems bounded to a strong fourth quarter, reporting double-digit growth and improved sales in its core business.

Cisco posted $5.9bn in revenue for the period ended July 31. This total was a 26 percent rise over the $4.7bn posted in the same quarter a year ago. Cisco's income grew at an even stronger clip - 42 percent - with the company reporting $1.4bn in income in this year's fourth quarter versus $982m last year.

For the full year, Cisco brought in $22.0bn in revenue compared to $18.9bn last year. Net income for fiscal 2004 jumped to $4.4bn from $3.6bn.

"This was a record-breaking quarter for Cisco on a number of financial and operational levels, including generating the highest . . . net income and earnings per share in the company's history," said John Chambers, Cisco's president and CEO. "The investments we've made in emerging markets around the world, coupled with continued innovation in our core business and advanced technologies, are generating record results."

While demand for Cisco's networking gear was up, investors appeared concerned about a rise in the company's inventory. Cisco's inventories moved higher 9 percent in the fourth quarter with analysts saying this figure was a tad higher than expected. In the after-hours markets, shares of Cisco dropped more than 6 percent, at the time of this report, to $19.16, as investors reacted to the financial news. ®

Related stories

New York warms to VoIP
Cisco drops Huawei lawsuit
IBM signs up CNT's mega-director
Cisco hunts for small.biz

Choosing a cloud hosting partner with confidence

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.