Cisco today announced its fourth quarter 2012 results with net sales of $11.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.36 per share, and non-GAAP net income of $2.5 billion or $0.47 per share. The company also reported its fiscal year 2012 net sales of $46.1 billion; an increase of 7% year over year, the net incomes was $8 billion GAAP, an increase of 24% year over year, $10.0 billion non-GAAP (increase of 11% year over year). The fiscal year 2012 earnings per Share: $1.49 GAAP (increase of 27% year over year); $1.85 non-GAAP (increase of 14% year over year)
“As a result of our strong performance, continued execution on our plan to deliver profitable growth, and commitment to shareholders, for the full fiscal year, we delivered revenue growth of 7% as well as a record year in revenue and earnings per share,” stated Cisco Chairman and CEO John Chambers. “Our strategy — delivering intelligent networks and technology architectures, built on integrated products, services and software platforms, to fuel our customers’ businesses — is proving the right long-term strategy for our success. There is no question that our industry and our world are evolving quickly and Cisco is squarely at the center of major technology market transitions — cloud, mobile, visual, virtual and social.”
