Cisco: fourth quarter and fiscal year 2016 earnings

Cisco fourth quarter revenue was $12.6 billion. Growth of 2% year over year. Earnings per Share: $0.56 GAAP; $0.63 non-GAAP.

cisco fourth quarterCisco (NASDAQ: CSCO) reported fourth quarter and fiscal year results for the period ended July 30, 2016: revenue of $12.6 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.8 billion or $0.56 per share, and non-GAAP net income of $3.2 billion or $0.63 per share.

We had another strong quarter, wrapping up a great year. I am particularly pleased with our performance in priority areas including security, data center switching, collaboration, services as well as our overall performance, with revenues up 2% in Q4 excluding the SP Video CPE business” said Chuck Robbins, CEO of Cisco.