Cisco's efforts to revamp its business -- cutting jobs and shaving $1 billion from expenses -- seems to be paying off. After three disappointing quarters, the company wowed the street with its fourth-quarter performance, delivering $11.2 billion in sales, exceeding Wall Street's forecast of $10.98 billion. The company delivered GAAP income of $1.2 billion or $0.22 per share, and non-GAAP income of $2.2 billion or $0.40 per share. Now that's more like it.
e-Commerce Times