Cisco's 4Q earnings rise 56 pct, raises dividend

August 15, 2012 by PETER SVENSSON

(AP) — Cisco's earnings jumped 56 percent in the latest quarter compared with last year, when it was in the throes of a restructuring program.

The results beat expectations, and rewarded investors by raising its dividend by 75 percent.

Cisco says it earned $1.9 billion, or 36 cents per share, in its fiscal fourth quarter, spanning May to July. That compares with income of $1.2 billion, or 22 cents per share, in the same period a year ago.

Excluding the cost of stock-based compensation and certain other items, Cisco says it would have earned 47 cents per share. On that basis, Cisco's were 2 cents above the average analyst estimate, as polled by FactSet.

Revenue rose 4.4 percent to $11.7 billion, beating estimates.

Cisco is based in San Jose, California.

Explore further: Cisco beats estimates with 2Q earnings, sales (Update)

0 shares

Related Stories

Cisco beats estimates with 2Q earnings, sales (Update)

February 8, 2012

(AP) -- Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it.

Cisco's latest results show signs of turnaround

November 9, 2011

(AP) -- Cisco Systems Inc., the world's largest maker of computer networking gear, is showing signs of pulling a turnaround, exceeding analyst sales expectations for the second quarter in a row.

Recommended for you

Your (social media) votes matter

January 24, 2017

When Tim Weninger conducted two large-scale experiments on Reddit - otherwise known as "the front page of the internet" - back in 2014, the goal was to better understand the ripple effects of malicious voting behavior and ...

Protective wear inspired by fish scales

January 24, 2017

They started with striped bass. Over a two-year period the researchers went through about 50 bass, puncturing or fracturing hundreds of fish scales under the microscope, to try to understand their properties and mechanics ...

'Droneboarding' takes off in Latvia

January 22, 2017

Skirted on all sides by snow-clad pine forests, Latvia's remote Lake Ninieris would be the perfect picture of winter tranquility—were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ...

Singapore 2G switchoff highlights digital divide

January 22, 2017

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology.

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.