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Cisco sees revenue growth slowing
2015-11-13 08:32:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenues for its fiscal first quarter to October up 3.6 percent year-on-year to USD 12.7 billion, in line with its outlook for 2-4 percent growth. Net profit rose 32.9 percent to USD 2.4 billion, and adjusted EPS was up 9.3 percent to USD 0.59, better than the company's forecast. Cisco CEO Chuck Robbins said the company saw lower-than-expected order growth in Q1, hurt by the uncertain macro-economic environment and currency fluctuations. As a result, revenue in fiscal Q2 is expected flat to 2 percent higher, and adjusted EPS is forecast at USD 0.53-0.55.
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Category:Telecommunications