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nasdaq : Cisco Systems Inc. Q4 Earnings Rise 6%

Cisco Systems Inc. Q4 Earnings Rise 6%

Cisco Systems Inc. Q4 Earnings Rise 6%

Shutterstock photo(RTTNews.com) – Cisco Systems Inc. ( CSCO ) released a profit for its fourth quarter that rose compared to the same period last year.The company said its bottom line came in at $3.19 billion, or $0.63 per share.This was higher than $3.01 billion, or $0.59 per share, in last year’s fourth quarter.

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Cisco Systems Inc. (CSCO) Posts Earnings Results, Beats Expectations By $0.03 EPS

Cisco Systems Inc. (CSCO) Posts Earnings Results, Beats Expectations By $0.03 EPS

Cisco Systems Inc. (NASDAQ:CSCO) released its quarterly earnings data on Wednesday.The network equipment provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03.The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.57 billion.

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Cisco Systems earnings: Growing margins, deferred revenues – Cisco Systems, Inc. (NASDAQ:CSCO)

Cisco Systems earnings: Growing margins, deferred revenues - Cisco Systems, Inc. (NASDAQ:CSCO)

Cisco Systems (NASDAQ:CSCO) has pared postmarket losses, now down just 0.8% after it posted its fiscal Q4 beat along with confirmation that it’s cutting 7% of its workforce.Gross and operating margins increased — to 64.6% and 31.4% respectively, on a non-GAAP basis, with the help of productivity improvements and product mix, partly offset by pricing.Revenue breakout: Product, $9.55B (down 3.6%); Service, $3.09B (up 5.3%).

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