News Formal

Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Technology News

Business,Social Media,Breaking News: Technology

Cisco reported its third straight quarter of declining revenue, but the company beat analysts' estimates.

Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020.

The company said $700 million to $800 million of charges will be recognized in the current quarter, with the rest hitting over the course of fiscal 2025.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cisco shares surge on earnings beat and job cutsCisco shares surge on earnings beat and job cuts
Source: Investingcom - 🏆 450. / 53 Read more »