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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Cisco Net Income Tops $2.8B 0 comments
    Aug 15, 2013 12:07 PM | about stocks: 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.

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