Cisco systems have reported sales of $11.7 billion for this year’s quarterly results, with a 4 percent rise year on year.

Despite economic uncertainty within Europe the company has posted $8 billion in net income for the full year.

Cisco Chairman and CEO John Chambers, said “There is no question that our industry and our world are evolving quickly and Cisco is squarely at the center of major technology market transitions - cloud, mobile, visual, virtual and social."