By FDI Creative Services on 05/18/2016
Category: Security News

Cisco revenue falls as telecom customers spend less

The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, May 4, 2015.

Reuters/Jim Young/File Photo

Network equipment maker Cisco Systems Inc reported an about 1.1 percent fall in quarterly revenue, hurt by lower spending by telecom carriers.

The company's net profit fell to $2.35 billion, or 46 cents per share, in the third quarter ended April 30, from $2.44 billion, or 47 cents per share, a year earlier.


Revenue fell to $12.00 billion from $12.14 billion.



(Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)

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