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Cisco s Fallout Outlook Overshadowed Its Quarterly Results

Cisco Systems Inc (NASDAQ: CSCO) topped profit expectations with its quarterly results but slashed its fiscal year earnings outlook on the account of its consumers being busy implementing the offerings they received over the previous quarters. The weak guidance overshadowed quarterly results, with shares of the networking giant falling as much as 13% upon Wednesday’s report. Fiscal First Quarter Highlights For the quarter ended on October 28th, revenue rose 7.6% YoY to $14.67 billion. Networking

Cisco s Fallout Outlook Overshadowed Its Quarterly Results - Cisco Systems (NASDAQ:CSCO)

Cisco Systems Inc (NASDAQ: CSCO) topped profit expectations with its quarterly results but slashed its fiscal year earnings outlook on the account of its consumers being busy implementing the offerings they received over the previous quarters.

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