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Cisco quarterly revenues fall 8%, sees bigger drop in July quarter

2020-05-14 08:17:00| Telecompaper Headlines

(Telecompaper) Cisco's revenues turned lower in its fiscal third quarter to April, down 8 percent year-on-year to USD 12.0 billion, and net earnings fell 6 percent to USD 0.65 per share. The company said it expects a further decline in the July quarter, with revenues down 8.5-11.5 percent annually and EPS of USD 0.57-0.62. 

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