eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
Cisco Systems posted record earnings last week, but the revenue wasnt enough to keep Ciscos shares from falling to an 11-month low.
Net sales for the fourth quarter of fiscal 2004 were $5.9 billion, compared with $4.7 billion for the same quarter last year, an increase of 26 percent. Net income in the most recent quarter was $1.4 billion, compared with $982 million in the year-ago quarter and compared with $1.2 billion for the third quarter of fiscal 2004.
Following the announcement, however, investors dropped the stock on the companys flat growth outlook.
Check out eWEEK.coms Infrastructure Center for the latest news, views and analysis on servers, switches and networking protocols for the enterprise and small businesses.