For the current quarter, Cisco forecast year-over-year revenue growth of between 2 percent and 4 percent, and earnings per share growth of 45 percent to 47 percent. That forecast excluded the company's recently completed of video software vendor NDS Group.

For the full 2012 fiscal year, Cisco reported revenue of $46.1 billion, up 7 percent from fiscal 2011, and earnings per share of $1.49, up 27 percent from 2011.

Also on Wednesday, Cisco announced a new capital allocation strategy that includes increasing its quarterly dividend by 75 percent to 14 cents per share. The company committed itself to returning 50 percent of its free cash flow to shareholders in the form of dividends and stock repurchases.