Reuters: Technology News: Cisco revenue in line, investors await CEO comments

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Cisco revenue in line, investors await CEO comments Aug 14th 2013, 20:28 Tweet Share this Email Print Related News UPDATE 3-Macy's sales fall as middle-class shoppers stay cautious 2:16pm EDT UPDATE 2-Myriad Genetics forecasts full-year profit above estimates Tue, Aug 13 2013 Hon Hai second-quarter profit beats forecasts, but margins recovery still slow Tue, Aug 13 2013 A sign marking a Cisco office is pictured in San Diego, California November 12, 2012. Credit: Reuters/Mike Blake Wed Aug 14, 2013 4:28pm EDT (Reuters) - Network equipment maker Cisco Systems Inc on Wednesday reported fiscal fourth-quarter revenue in line with Wall Street expectations, helped by continued strength in its enterprise business. Shares of the world's biggest network equipment maker fell 2 percent after hours, as investors waited for the company's latest forecasts and comments on its business later on Wednesday. Cisco Chief Executive John Chambers' commentary is closely watched by investors as Cisco is regarded as a strong indicator of the general health of the technology industry because of its broad customer base. Cisco had a net profit of $2.3 billion, or 42 cents per share, in the quarter. That compared with a profit of $1.9 billion, or 36 cents per share, in the year-ago quarter. Revenue rose 6 percent to $12.4 billion, matching analysts' expectations, according to Thomson Reuters I/B/E/S. Excluding some items, the company reported profit of 52 cents per share, which was a penny better than analysts' average estimate. The results were in line with the company's forecasts three months ago, based on what it called "encouraging" signs. (Reporting by Bill Rigby, Editing by Bernard Orr) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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