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Tech Giant Cisco Reports Declining Revenue

By John F. Heerdink, Jr.

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology.

This week, Cisco reported Q2 results, ahead of analysts’ expectations. The company reported earnings of 77 cents per share vs. the expectation of 76 cents per share. Revenue of $12.01 billion, versus expected revenue of $11.98 billion was reported. The declining revenue disappointed investors bringing its stock down by 4%.

Cisco expects 79 cents to 81 cents in earnings per share and an annualized revenue decline of 1.5% to 3.5% in the fiscal third quarter, the forecast does not include disruptions in the supply chain due to the coronavirus crisis in China, as informed in the company’s earnings call.

Revenue from Infrastructure Platforms and Applications, were both down 8% year over year, at $6.5 billion and $1.3 billion, respectively.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Cisco shares drop after earnings report as revenue continues to decline in CNBC)


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