Cisco posted net sales of $9.4 billion for the fourth quarter of its fiscal year 2007 ended July 28, 2007, net income (GAAP) of $1.9 billion or $0.31 per share. For its full FY 2007, net sales came in at $34.9 billion, an increase of 23% year over year.
“Cisco delivered another record quarter with great execution across the company,” said John Chambers, Chairman and CEO, Cisco. “Again, the performance was based on our balanced approach across products, services, geographies and customer segments and our ability to catch and execute on key market transitions.”
Some highlights from the quarterly report:
- Cisco ended the quarter with $22.3 billion in cash and cash equivalents, compared with $17.8 billion at the end of fiscal 2006, and compared with $22.3 billion at the end of the third quarter of fiscal 2007.
- Routing revenue was $1.9 billion, up 14% YoY
- Switching revenue was $3.3 billion, up 18% YoY
- Advanced technology revenue was $2.2 billion, up 24% YoY
- Services revenue reached $1.5 billion, up 19%
- Sales in the U.S. were strong
- Scientific-Atlanta sales were up 30% YoY
- Total gross margin for the quarter was 65.2%
- Headcount reached 61,535 compared to 49,926 a year earlier
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