El Rhazi Hamza de Forbes Real Time.
Cisco announced a mixed set of Q3 FY2014 results on May 14, as revenues continued to decline but the company beat guidance on stronger than expected demand for new products in developed markets. The networking giant saw its revenues drop year-over-year by 5.5%, as sustained weakness in emerging markets and sluggish spending by service providers weighed on results. However, the revenue decline was better than the 6-8% slump that the company had forecast during the previous earnings call.
Cisco announced a mixed set of Q3 FY2014 results on May 14, as revenues continued to decline but the company beat guidance on stronger than expected demand for new products in developed markets. The networking giant saw its revenues drop year-over-year by 5.5%, as sustained weakness in emerging markets and sluggish spending by service providers weighed on results. However, the revenue decline was better than the 6-8% slump that the company had forecast during the previous earnings call.
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