Cisco Hits Most of Its Targets

Cisco Systems (CSCO) on Tuesday delivered fiscal fourth quarter earnings of $2 billion, or 33 cents a share, on revenue of $10.4 billion, up 10 percent from a year ago. Excluding items, Cisco reported fourth quarter earnings of 40 cents a share, a penny ahead of estimates.

The networking giant, which reported net income of $8.1 billion on revenue of $39.5 billion for fiscal 2008, seems to have hit most of its targets.

Also see: Cisco faces tricky fourth quarter report

Cisco didn’t initially give an outlook pending a conference call, but CEO John Chambers did note in a statement that “the market is clearly in transition,” but he was confident that the company can execute.

By the numbers:

• The company’s cash flow for operations was $3.5 billion in the fourth quarter.
• Cash and equivalents was $26.2 billion at the end of fiscal 2008.
• Days sales outstanding were 34 days, compared to 38 days a year ago. Inventory turns were 11.8 in the fourth quarter, up from 11 in the third quarter.

 

Comments

[tuskagee:]

No overt sobbing by Chamermaid, nice!

2008 Aug 05 08:03 PM