Cisco Systems delivered a strong fourth quarter as expected, and CEO John Chambers added that his confidence in "our ability to be the No. 1 IT company is increasing."
The company reported fourth-quarter earnings this year of $2.3 billion, or 42 cents a share, on revenue of $12.4 billion. Non-GAAP earnings for the fourth quarter were 52 cents a share.
According to Thomson Reuters, Cisco was expected to report earnings of 51 cents a share on revenue of $12.4 billion.
It's worth noting that Cisco estimates crept higher leading up to the results.
In … Read more