Ciscos revenue falls for seventh straight quarter
Ciscos revenue falls for seventh straight quarter
Cisco Systems Inc`s 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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.