Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Cisco Net Income Tops $2.8B

|Includes:Cisco Systems, Inc. (CSCO)

Originally published at www.seclive.com

Filing in Focus: Cisco 8-K, August 14, 2013

Cisco Systems, Inc. (NASDAQ:CSCO) announced its financial results for its fourth quarter and fiscal year 2013, reporting revenue of $12.4B in fourth quarter, a 6% increase over last year. Earnings for the quarter were $2.8B, with $0.52 earnings per share. For the year, Cisco earned $10.9B on $48.6B revenues, with earnings per share on the year of $2.02. During fourth quarter the company paid out $918M in dividends, or $0.17 per share, and completed a $1.2B stock repurchase. Cisco is projecting first quarter revenues of $12.2B to $12.5B, or revenue growth of 3% to 5%, with earnings per share of $0.50 to $0.51. Included in the results Cisco clarified it made a lump sum $172M payment to TiVo involving previously reported patent litigation.

Stocks: CSCO