More on Cisco's FQ4: Company promises to return at least 50% of free cash flow via dividends and...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

More on Cisco's FQ4: Company promises to return at least 50% of free cash flow via dividends and buybacks. $1.8B worth of shares repurchased in FQ4 at average price of $16.62. Gross margin was 61.8%, down 150 bps Q/Q and 90 bps Y/Y. R&D and sales/marketing expenses both declined slightly Y/Y, but G&A +34%. Accounts receivable +10% Q/Q, inventories +11%, DSOs up 3 days. Deferred revenue rose by $240M to $12.88B. Earnings call at 4:30PM ET (webcast). CSCO +5.1% AH. (PR)