Cisco posted adjusted earnings of 83 cents a share, topping analysts’ expectations of 82 cents a share. Revenue of $13.1 billion also beat expectations ($12.73 billion.).
Cisco’s top business segment, Secure, Agile Networks, fell 1% to $6.09 billion during the fourth quarter. Product ($9.69 billion) and Service ($3.41 billion) businesses were flattish from the year-ago period.
For the full fiscal year, the company expects adjusted earnings of $3.49 to $3.56 a share on revenue growth of 4% to 6%. Analysts were projecting fiscal-year adjusted earnings of $3.53 a share on sales of $52.72 billion (implying revenue growth of 2.2%).
For the fiscal first quarter, Cisco expects adjusted earnings of 82 cents to 84 cents a share (vs. analysts’ expectations of 84 cents a share) and revenue growth of 2% to 4% (vs. analysts’ estimate of 3%, according to FactSet).