je.st
news
Cisco quarterly results fall less than expected
2014-05-15 08:42:00| Telecompaper Headlines
(Telecompaper) 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 and security products. Emerging markets were more challenging, with orders down in the past quarter, and the service provider market also continued to see weak demand, Cisco said.
Tags: results
fall
expected
quarterly
Category:Telecommunications