Home > Communication > Cisco Revenue Hits Bad Patch

Cisco Revenue Hits Bad Patch

SAN FRANCISCO: Cisco has reported better-than-expected Q3 earnings despite revenue dropping some eight percent year on year and steeper than the four percent decline recorded in Q2.

Cisco’s quarterly revenue was US$11.98 billion, but analysts say the results have been skewed by the impact of the coronavirus. 

Cisco’s largest segment, infrastructure platforms, which includes networking switches and routers for corporate datacentres, produced $6.43 billion in revenue, down 15 percent.

Cisco CFO Kelly Kramer said the company saw “manufacturing challenges and component constraints,” as the pace of product orders slowed in April.

The company says it has added many new prospects through free WebEx trials that it anticipates converting to future revenue.

You may also like
Are You Over Zoom? So Are Investors As Stock Plunges
Cisco Denies Private Cloud Subscription Service Report
Chip Shortage To Last Another Six Months: Cisco Chief
Cisco’s Webex Nears 600M
Dodgy Cisco Nobbled By Judge Ordered To Pay $2.65 Billion