Cisco Makes Unimaginable Sums of Money, Single Handedly Turns Around Stock Market

Why is this man smiling?

Well, let's look at what John Chambers, CEO and Chairman of Cisco [http://www.cisco.com/], had to say:

Financial Overview

[Our 4th quarter] achieved record revenue of approximately $9.4B [that's $9.4 Billion US Dollars - Editor], an 18% year over year increase, comfortably above our guidance of 15-16% provided in the [3rd Quarter] conference call. This was once again one of the fastest Cisco standalone year over year revenue growth rates we have seen in several years. Order growth was even stronger than revenue growth with product book to bill comfortably above 1.

Non-GAAP net income was $2.3B, an increase year over year of approximately 21%. GAAP [Generally Accepted Accounting Principles] net income was $1.9 [Billion], representing a 25% increase year over year.

That's USD $2,300,000,000. In "cash from operations". In three months.

Non-GAAP earnings per share were a record $0.36 and GAAP earnings per share were $0.31, which were increases of 20% and 24% respectively year over year. Cash generated from operations was $2.7B, and we repurchased $1.5B of common stock. We exited the quarter with $22.3B in cash, cash equivalents, and investments.

Or, to paraphrase John, "We are a cash machine. Think about this number: two-point-seven billion dollars. Now multiple that by 4. That's 10 billion a year in cash from operations. That's more than some countries generate."