Cisco Systems posted strong gains in both revenue and profit in its fiscal fourth quarter, which ended July 28.
The dominant networking vendor's revenue rose 18 percent from a year earlier to $9.4 billion while its earnings per share grew 24 percent to $0.31. Net income was $1.9 billion.
Not counting certain special items, Cisco earned $0.36 per share, one cent above the consensus forecast from analysts surveyed by Thomson Financial.
(More to follow.)
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