Vendor results - 20/08/06

Cisco posts FY revenue up 15% to $28.5bn (including $1bn from S.A.), while FY4Q06 revenue grew 21% to $8bn. Net income was down 3% to $5.6bn, and for the quarter net income went up 0.3% to $1.5bn, due to increased R&D expenses (22% of the revenues this year) and increased marketing expenses. LAN switching platforms performed well with over $20bn in sales