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• Cisco Systems jumped 7.9% to $49.03, and the networking equipment maker reported better-than-expected fiscal fourth quarter results. 
  
  Revenue declined 10% to $13.6 billion from $15.2 billion, net income plunged 45% to $2.2 billion from $4.0 billion, and diluted earnings per share dropped to 54 cents from 97 cents a year ago. 
  
  For the full-year fiscal 2024, revenue dropped 6% to $53.8 billion from $57.0 billion, net income plunged 18% to $10.3 billion from $12.6 billion, and diluted earnings per share decreased to $2.54 from $3.07 a year ago. 
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  Aug 15, 2024
• Cisco Systems jumped 7.9% to $49.03, and the networking equipment maker reported better-than-expected fiscal fourth quarter results. 
  
  Revenue declined 10% to $13.6 billion from $15.2 billion, net income plunged 45% to $2.2 billion from $4.0 billion, and diluted earnings per share dropped to 54 cents from 97 cents a year ago. 
  
  For the full-year fiscal 2024, revenue dropped 6% to $53.8 billion from $57.0 billion, net income plunged 18% to $10.3 billion from $12.6 billion, and diluted earnings per share decreased to $2.54 from $3.07 a year ago. 
  
  Cisco declared a quarterly dividend of 40 cents per share payable on October 23 to shareholders on record on October 2. 
  
  The company guided fiscal 2025 first quarter revenue to fall between $13.65 billion and $13.85 billion and earnings per share between 35 cents and 42 cents. 
  
  The company also announced its plans to cut 7% of its global workforce.  Less
  
  Aug 15, 2024


• Cisco Systems jumped 3.2% to $51.24 after the networking gear maker reported better-than-estimated fiscal third quarter earnings. 
  
  Revenue declined 13% to $12.7 billion from $14.6 billion, net income plunged 41% to $1.9 billion from $3.2 billion, and diluted earnings per share declined to 46 cents from 78 cents a year ago. 
  
  Product revenue in the quarter declined by 19%, service revenue rose by 6% in the quarter.
  
  The company completed the acquisition of Splunk in the quarter, and Splunk contributed $413 million in revenue. 
  
  The compan More
  
  May 16, 2024
• Cisco Systems jumped 3.2% to $51.24 after the networking gear maker reported better-than-estimated fiscal third quarter earnings. 
  
  Revenue declined 13% to $12.7 billion from $14.6 billion, net income plunged 41% to $1.9 billion from $3.2 billion, and diluted earnings per share declined to 46 cents from 78 cents a year ago. 
  
  Product revenue in the quarter declined by 19%, service revenue rose by 6% in the quarter.
  
  The company completed the acquisition of Splunk in the quarter, and Splunk contributed $413 million in revenue. 
  
  The company declared a 40-cent per share cash dividend to shareholders on record on July 5 to be repaid on July 24.  Less
  
  May 16, 2024