
Cisco reported quarterly revenue of $12.1 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.0 billion or $0.37 per share, and non-GAAP net income of $2.9 billion or $0.53 per share for its first fiscal quarter of FY14. Revenue was up only 1.8% compared to $11.9 billion in Q1 FY13.
Revenue and earnings per share were under industry analyst consensus estimates of $0.41 per share.
Cisco cited pre-tax charges...