9 August 2007 — San Jose (CA): Cisco Systems has reported its Q4 and fiscal year results for the period ended 28 July 2007.
Cisco reported Q4 net sales of $9.4 billion and net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion, or EPS of $0.31.
Net sales for the year were $34.9 billion, up 22.6 percent on the same period the year before.
"Cisco delivered another record quarter with great execution across the company," said John Chambers, chairman and CEO. "As we turn our attention to the next fiscal year, we believe that we are headed into a new era in networking that we define as the second phase of the internet. We expect that this phase will be driven by collaboration and Web 2.0 technologies and will become an increasingly influential market trend for businesses."