Cisco's revenue falls for seventh straight quarter

(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

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Twitter shutters accounts of U.S. white supremacy ...
New Nokia 8 phone targets surging demand for video...

Related Posts