Sharp rise in Cisco profit but opts for leaner staff

WASHINGTON – Network equipment maker Cisco Systems Inc has decided to further cut its workforce even as it reported 18 percent rise in net profit for the fourth quarter. Cisco reported a net profit of $2.3 billion, or 42 cents a share for the fiscal fourth quarter. That compares with $1.9 billion, or 36 cents, in the year-ago period. Revenue rose 6.2% to $12.4. Adjusted quarterly earnings …

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