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"Our financial strategy is working as our profits grew faster than revenue for the full fiscal year," stated Frank Calderoni, executive vice president and chief financial officer. "Our fourth quarter also delivered solid financial results as we continued to deliver profitable growth to maximize shareholder value for the long-term."
However, Cisco trimmed its guidance saying the economic recovery was uneven, with some regions, notably Europe, performing worse than others. The company now expects growth of 3-5% for the current quarter, compared with the 6% rate just reported. Cisco said it remains committed to its long-term financial model, including driving profitable revenue growth of 5-7%.
Cisco plans to cut about 4,000 jobs or about 5% of its workforce as a result.
http://www.cisco.com
http://www.scribd.com/doc/160305902/Q4FY13-Earnings-Slides