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General

Cisco reports fall in fiscal Q1 revenues and profit, names new CFO

Friday 13 November 2020 | 09:34 CET | News
Cisco reported lower revenue and profit figures for its fiscal first quarter to 24 October, pulled down by the ongoing coronavirus pandemic and other macro uncertainties. CFO Kelly Kramer said the company did deliver strong growth in operating cash flow, that it continued to transform its business through more software offerings and subscriptions, and that it returned USD 2.3 billion to shareholders. The company is guiding for a better second fiscal quarter, on a sequential basis. 

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Categories: General
Companies: Cisco
Countries: World
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