Fourth Quarter result of Cisco beats the forecast and gave the investors heart with confirmation of its guidance. Chairman and CEO John Chambers said that the company’s confidence in its long-term growth guidance of 12%-17% was “very strong.” The current economic problems were a “short-term challenge” and would remain “for the next few quarters,” he added.

Analysts had anticipated revenue at approximately $10.3 billion.  Q4 sales boosted  9.9% to $10.4 billion and post a net profit $2 billion, up 4%. Compared with 6% in Q3, sales of enterprise equipment in the slowing US market were up 13% for Q4. “Q4 was a very solid quarter, especially given some challenges that we are seeing in the global marketplace,” Chambers said.

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