Shares in Cisco are getting a bounce from its latest financial report as John Chambers exits from the CEO chair and UNC graduate Chuck Robbins takes over.

Here are some of the first headlines:

  • Cisco revenue, profit tops estimates – MarketWatch
  • Cisco tops Q4 expectations as new CEO takes control – ZDNet
  • Cisco Systems (CSCO) Tops Q4 EPS by 3c, Guides Q1 EPS In-Line – StreetInsider.com
  • Cisco Pops 2.5% After Reporting Better-Than-Expected FQ4 Revenue Of $12.84B – TechCrunch
  • Cisco revenue rises 4 percent – ​Channel News Asia 
  • Cisco Rising: FYQ4 Rev $12.8B, EPS $0.59/Sh Beat – Barron’s
  • Cisco Ends Chambers Era With Another Earnings Beat CSCO- Investor’s Business Daily
  • Cisco Shares Rise as Q4 Beats Street Estimates

Robbins: “Strong results”

“I’m stepping into the CEO role at an incredibly exciting time for Cisco. We closed out our fiscal year with record revenues and record non-GAAP EPS, for both Q4 and FY15. I’m particularly pleased with the strong growth of deferred revenue which shows we are very effectively driving our business to a more predictable software-based business model, at the same time as growing revenues and earnings,” said Robbins in a statement. 

“These strong results show what we are capable of when we’re focused, and you can expect us to continue to drive the evolution of our portfolio to maximize the value we bring to customers in today’s rapidly changing market. The network’s strategic role at the center of everything becoming digital — today and in the future — is why I strongly believe Cisco’s best years are ahead of us.”

Cisco said fourth quarter revenue totalled $12.8 billion. Net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.

Read the full report at:

http://finance.yahoo.com/news/cisco-reports-fourth-quarter-fiscal-200500810.html

Cisco employs several thousand people at its campus in RTP.