Quarterly profit and revenue of Cisco exceeded analysts' forecasts

The American transnational company Cisco, which develops and sells network equipment, said that in the third financial quarter ended April 28, its profits and revenues exceeded analysts' expectations. The revenue of the unit offering solutions in the field of information security, including firewall protection systems and intrusion detection systems, increased by 11% to $583 million. Analysts had expected the figure at the level of 573.6 million dollars. Cisco increased net profit to 2 billion 690 million dollars from 2 billion 520 million dollars a year earlier. The total quarterly revenue of the company was 12 billion 460 million dollars, increased by 4.4%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: