Cisco quarterly results fall less than expected

Thursday 15 May 2014 | 08:42 CET | News
Cisco reported revenues for the three months to April down 5.5 percent year-on-year to USD 11.5 billion. Net profit for its fiscal third quarter fell 12.0 percent to USD 2.2 billion, and EPS was down 8.7 percent to USD 0.42. After operating cash flow of USD 3.2 billion in the quarter, Cisco ended April with total cash of USD 50.5 billion. Cisco said it was pleased with the better-than-expected results. The company said orders strengthened in the US and European markets during the quarter, led by the commercial and enterprise segments and demand for its high-end routing platforms, data centre

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Categories: General
Companies: Cisco
Countries: World
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