Cisco Systems came out with its financial report card for its fiscal fourth quarter and full-year 2008 period after the close of markets today, and in typical Cisco fashion, the numbers were marginally ahead of what Wall Street was expecting.
The financial performance — sales growth of
4 10 percent over the same quarter last year ($10.4 billion vs. $9.8 $9.4 billion) and a 13.2 percent rise ($39.5 billion vs. $34.9 billion) for the full-year period — masked Cisco’s biggest challenge: how to overcome the law of large numbers.
On the company’s conference call with analysts, CEO John Chambers basically admitted as much, saying that even though the company wants to get back to 12-to-17-percent growth, it doesn’t know when that will happen. Check back here later for the full story.