Cisco reported its fourth quarter and fiscal year results for the period ended July 27, 2013. The company reported fourth quarter revenues of $12.4 billion, and net income of $2.3 billion or 42 cents per share.

John Chambers (Chairman and CEO, Cisco): My confidence in our ability to be the #1 IT Company is increasing. In every case, we exceeded the midpoint of our guidance. We also generated $4 billion in operating cash flow in the quarter, another record.

Net income and earnings per share for the fourth quarter and fiscal year ended July 27, 2013 include a 3 cent per share for the settlement of a patent litigation with TiVo.

Cash flows from operations were $4 billion for the fourth quarter of fiscal 2013, compared with $3.1 billion for the third quarter of fiscal 2013, and compared with $3.1 billion for the fourth quarter of fiscal 2012. Cash flows from operations were $12.9 billion for fiscal 2013, compared with $11.5 billion for fiscal 2012.

Cash and cash equivalents and investments were $50.6 billion at the end of the fourth quarter of fiscal 2013, compared with $47.4 billion at the end of the third quarter of fiscal 2013, and compared with $48.7 billion at the end of the fourth quarter of fiscal 2012.

Cisco paid a cash dividend of $0.17 per common share, or $918 million, during the fourth quarter of fiscal 2013. Cisco repurchased approximately 47 million shares of common stock under the stock repurchase program at an average price of $24.80 per share for an aggregate purchase price of $1.2 billion.

Cisco paid cash dividends in the aggregate amount of $0.62 per common share, or $3.3 billion, during fiscal year 2013. Cisco repurchased approximately 128 million shares of common stock under the stock repurchase program at an average price of $21.63 per share for an aggregate purchase price of $2.8 billion.

As of July 27, 2013, Cisco had repurchased and retired 3.9 billion shares of Cisco common stock at an average price of $20.40 per share for an aggregate purchase price of approximately $78.9 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $3.1 billion with no termination date.

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