Investing.com - Shares of Cisco Systems Inc (NASDAQ:CSCO) were falling in after hours trading action Wednesday following the company’s release of fiscal Q4 results which showed the company’s revenue declined year-over-year, but still topped expectations. Earnings came in just in-line with forecasts.
Cisco reported fourth quarter revenue of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.4 billion or $0.48 per share, and non-GAAP net income of $3.1 billion or $0.61 per share.
Shares were recently down 1%.