Cisco CEO Chuck RobbinsCisco CEO Chuck RobbinsCisco Live/Business Insider
CSCO Cisco Systems
 31.18 -0.58 (-1.80 %)
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Cisco topped Wall Street's revenue target in its fiscal Q4, but gave a lackluster business forecast for the current quarter.
Cisco's stock declined roughly 2% in after hours trading on Wednesday following the announcement.
Here's are Cisco's results:
  • Revenue (GAAP) — $12.1 billion, down 4% from $12.64 billion in Q4 2016.  This is compared to analyst estimates of $12.07 billion. Cisco projected similar estimates. 
  • Earnings per share (adjusted) — $0.61, on the nose of analyst estimates and a penny above's Cisco's own forecast. 
  • Net income (GAAP) — $2.4 billion, down 14% from 2016.
  • Projected revenues (GAAP) for Q1 2018 are below analyst expectations. Cisco projects revenues to decline 1% to 3%, which would put it around $11.8 billion. Analysts had projected revenues to stay around $12.6 billion next quarter. 
  • Projected earnings per share (adjusted) meet analyst expectations. Cisco expects earnings per share of $0.59 to $0.61 next quarter; analysts had projected earnings per share of $0.60. 
  • Full year revenues (GAAP) were down 2% for fiscal year 2017, with total revenues of $48 billion.
  • Full year earnings per share (adjusted) for the year were $2.39.
Get the latest Cisco stock price here.