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Cisco beats on revenue and earnings but investors were not impressed

9 monthes ago   |   By Business Insider

Cisco reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as security.
The company's net income rose to $2.69 billion, or 56 cents per share, in the third quarter ended April 28, from $2.52 billion, or 50 cents per share, a year earlier.
Total revenue rose to $12.46 billion from $11.94 billion, vs. $12.43 billion as expected by analysts, according to Thomson Reuters. So that's a beat.
Earnings were 66 cents per share, excluding certain items, vs. 65 cents per share expected by analysts...
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Cisco's tepid forecast clouds quarterly beat, shares fall

Cisco's tepid forecast clouds quarterly beat, shares fall

9 monthes ago   |   By Reuters

Network gear maker Cisco Systems Inc reported third-quarter profit and revenue that topped analysts' estimates on Wednesday, but shares fell 4 percent after dour current-quarter forecasts indicated that the transition to a software-focused business remained a work in progress.
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Cisco quarterly revenue rises 4.4 percent

9 monthes ago   |   By Reuters

Network gear maker Cisco Systems Inc reported a 4.4 percent rise in quarterly revenue on Wednesday, its second straight quarterly rise, driven by strong growth in its newer businesses such as cyber security.
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Did Patriots' interest in Odell Beckham squash Giants' trade plans?

Did Patriots' interest in Odell Beckham squash Giants' trade plans?

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Facebook's chief AI scientist: Deep learning may need a new programming language

Facebook's chief AI scientist: Deep learning may need a new programming language

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7 MPs quit Labour over the party's handling of Brexit and anti-semitism

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Facebook accused of acting like 'digital gangsters' in a devastating report...

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New York City Mayor Bill de Blasio slammed Amazon for canceling its HQ2...

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'SNL' mocked Trump's border wall national emergency - and Trump wasn't happy

'SNL' mocked Trump's border wall national emergency - and Trump wasn't happy

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The British teen who ran away to join ISIS but now wants to return to the UK...

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