Cisco Systems fell slightly short of revenue expectations for the fourth quarter of fiscal year 2010, as the uncertain economy caused a hiccup in sales.
For the quarter, which ended July 31, Cisco posted a profit of $1.94 billion, or 33 cents a share, up from $1.08 billion, or 19 cents a share, during the same quarter a year ago.
Excluding stock compensation costs and other items, earnings were 43 cents, up from 31 cents in the year-ago quarter.
Revenue was $10.84 billion for the quarter, up 27 percent from a year ago. And it was in … Read more