Cisco’s revenue falls for seventh straight quarter
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(Reuters) – Cisco Systems Inc’s (CSCO.O) revenue fell for the seventh straight quarter as declines in its switches and routers businesses outpaced gains at its newer software-focused divisions, such as security.
The world’s largest networking gear maker said on Wednesday revenue fell nearly 4 percent to $12.13 billion in the fourth quarter ended July 29, compared with a year earlier.
Net income fell to $2.42 billion, or 48 cents per share, from $2.81 billion, or 56 cents per share.
Reporting by Laharee Chatterjee in Bengaluru; Editing by Savio D’Souza