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The company also announced that chief financial officer Larry Carter plans to retire in May. Dennis Powell, the vice-president of corporate finance at Cisco, is expected to replace.
Revenue for the quarter ending 27 July was $4.82bn (£3.13bn), compared with $4.3bn (£2.8bn) for the same period last year.
Pro forma net income for the fourth quarter of 2002, which excluded certain charges, was $1bn (£650m). For the same period last year, the figure was $163m (£106m).
Including special charges under GAAP (generally accepted accounting principles), Cisco reported net income of $772m (£502m), compared with $7m (£4.5m) for the same period last year.
Charges for the 2002 quarter included approximately $260m (£169m) related to the closing of the acquisitions of Hammerhead Networks and Navarro Networks. The company also took a one-time charge of $28m (£18.2m) as a write-off of in-process research and development.
Spending on networking equipment has been especially hard hit as the IT industry suffers from a continued downturn.
However, Cisco has begun to identify improvements in enterprise and commercial markets in the US.
For the full fiscal year 2002, revenue totalled $18.9bn (£12.3bn), compared with $22.3bn (£14.5bn) for 2001. Not accounting for charges, pro forma net income for fiscal 2002 was $2.9bn (£1.89bn), compared with pro forma net income of $3.1bn (£2bn) for 2001.
Net income for the year based on GAAP was $1.9bn (£1.24bn), compared with a net loss of $1bn (£650m) for 2001.