Despite revenue drop, Cisco beats expectations and ups full-year forecast, sending stock higher
Despite revenue drop, Cisco beats expectations and ups full-year forecast, sending stock higher - SiliconANGLE
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Despite revenue drop, Cisco beats expectations and ups full-year forecast, sending stock higher - SiliconANGLE
CSCO earnings call for the period ending March 31, 2024.
Cisco revealed its financial result, saying its revenue fell 13 percent to $12.7 billion with net income of $1.9 billion for third quarter
Cisco shares initially traded higher before turning negative Thursday on the heels of the company's fiscal third-quarter earnings. Cisco reported financial results for the third quarter after the market close on Wednesday, including $12.7 billion in revenue, down 13% year-over-year.
Cisco recorded $12.7bn in revenues during the fiscal 2024 third quarter, ended April 27, down 13 per cent year-over-year, in line with the vendor's expectations....