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Cisco Systems managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported adjusted net income of 43 cents/share versus the 34 cents/share estimate and revenues of $11.26 billion versus the $11.01 billion estimate. Revenue climbed 4.7% from the same period last year.
The company has now reported lower net income fall in each of the last four quarters. Cisco Systems' revenue has grown during each of the past four quarters on a year-over-year basis.

Income:
Over the past year, Cisco Systems reported net income of $1.46/share. The company trumped analyst projections of $1.31 by 11.5%. According to the reported number, the company's income fell 7.9% from last year's levels.
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http://www.benzinga.com/news/earnings/11/11/2112885/cisco-systems-reports-falling-profit