Cisco’s revenue in its fiscal 4th quarter fell about tierce from last year, while its sales increased only 3.3 percent, the company reported on Wednesday.
Earnings in the fourth quarter finished July 30 was US$1.2 billion, down 36.3 percent of $1.9 billion last year. Profits per share declined by 33.3 percent, to 22 cents per share from 33 cents for last year’s 4th quarter.
The outcomes came amidst a major reconstituting at Cisco, purposed at refocusing the company on core
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