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Cisco grows revenues 3% in April quarter, net profit lower
2016-05-19 08:09:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues of USD 12 billion for its fiscal third quarter to April, up 3 percent from a year ago after excluding the sale of its set-top box business. Including this, sales were down 1 percent. The result was in line with its guidance, and a "strong performance in a challenging environment", said CEO Chuck Robbins. The company's net profit fell 4 percent to USD 2.3 billion, and EPS declined 2 percent USD 0.46. Revenue growth was strongest in Asia at 10 percent, and sales rose 4 percent in the Americas, but sales were down 2 percent in the EMEA region. Cisco's main product groups Switching and Routing posted sales down 3 percent and 5 percent respectively,
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Category:Telecommunications