Cisco Systems, Inc. announces Q4 2016 earnings: Profit up 21%; Revenue down 2%

Cisco ($CSCO) reported improved earnings in 4Q16, helped by higher operating income compared to 4Q15. Net income was $2.8Bil or $0.56 per diluted share compared to $2.32Bil or $0.45 per diluted share last year. Revenue fell 2% from last year to $12.6Bil in 4Q16. Non-GAAP basis net income was $3.2Bil or $0.63 per diluted share. http://hvst.co/2b5bL3C