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Cisco posts smaller-than-expected drop in fiscal fourth quarter revenue


    (Reuters) - Network equipment maker Cisco Systems Inc posted a smaller-than-expected 0.5 percent dip in quarterly revenue, as the company makes a transition through a new cycle of high-end switches and routers.

    Cisco reported revenue of $12.4 billion, effectively flat from a year earlier. Wall Street on average had expected $12.1 billion, according to Thomson Reuters I/B/E/S.

    (Reporting by Marina Lopes; Editing by Jonathan Oatis)