On Tuesday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), lost -1.99% to $28.25.
Cisco Systems stated its fourth quarter and fiscal year results for the period ended July 25, 2015. Cisco stated fourth quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.
Q4 2015 Highlights
Operating Expenses — Non-GAAP operating expenses were $4.2 billion, up 1%. Headcount raised from the third quarter of fiscal 2015 by about 900 to 71,833 reflecting investments in key growth areas such as security, cloud and software. On a GAAP basis, operating expenses were $4.9 billion, up 3%.
Operating Income — Non-GAAP operating income was $3.8 billion, up 9%, with non-GAAP operating margin at 29.3%. GAAP operating income was $2.9 billion, up 7%, with GAAP operating margin of 22.4%.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide. It provides switching products, counting fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and NGN routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.
Shares of The Bank of New York Mellon Corporation (NYSE:BK), inclined 0.66% to $44.35, during its last trading session.
BNY Mellon, will feature Steve Forbes, chairman and editor-in-chief of Forbes Media, as the keynote speaker at its annual ETF symposium. The symposium for exchange-traded funds is planned for October 20 to October 22 at the St. Regis Monarch Beach Hotel in Dana Point, CA.
Forbes’ topic for the event will be Navigating the Economy for Business Growth and Success.
The symposium will focus on important issues in the ETF marketplace counting the emergence of non-transparent active ETFs, the validity of fixed income ETFs, market liquidity and the impact of new regulations.
Among the industry thought leaders planned to present at the event are Deborah Fhur, co-founder of ETFGI, and Kathleen Moriarity, partner of Kaye Scholer.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, Analog Devices, Inc. (NASDAQ:ADI), ended its last trade with -2.69% loss, and closed at $57.90.
Analog Devices declared financial results for its third quarter of fiscal year 2015, which ended August 1, 2015.
ADI also declared that the Board of Directors has declared a cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on September 9, 2015 to all shareholders of record at the close of business on August 28, 2015.
Results for the Third Quarter of Fiscal Year 2015
- Revenue totaled $863 million, up 5% sequentially, and up 19% year-over-year
- GAAP gross margin of 65.9% of revenue; Non-GAAP gross margin of 66.1% of revenue
- GAAP operating margin of 30.7% of revenue; Non-GAAP operating margin of 34.2% of revenue
- GAAP diluted EPS of $0.68; Non-GAAP diluted EPS of $0.77
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
