Cisco Reports Fourth Quarter and Fiscal Year 2017 Earnings

Cisco (NASDAQ: CSCO) has reported fourth quarter and fiscal year results for the period ended July 29, 2017, the company said.

Cisco reported fourth quarter revenue of USD 12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of USD 2.4 billion or USD 0.48 per share, and non-GAAP net income of USD 3.1 billion or USD 0.61 per share.

Total revenue was USD 12.1 billion, down 4%, with product revenue down 5% and service revenue up 1%. 31% of total revenue was from recurring offers, up 4 percentage points from the fourth quarter of fiscal 2016.

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