Networking giant Cisco Systems put a troubled fiscal 2011 to bed and CEO John Chambers promised a "focused, agile, lean, and aggressive company" in the year ahead.
Cisco today reported fourth-quarter earnings of $1.2 billion, or 22 cents a share, on revenue of $11.2 billion, up 3.3 percent from a year ago. Non-GAAP earnings were 40 cents a share, two cents better than Wall Street expectations. Overall, Cisco's fourth quarter earnings were down 36 percent from a year ago.
For fiscal 2011, Cisco reported net income of $6.5 billion, or $1.17 a … Read more