Cisco misses estimates

first_img CISCO Systems quarterly revenue fell slightly short of Wall Street’s expectations, disappointing investors who thought an improving economy and growing internet traffic would have spurred even stronger sales of routers and switches.Cisco, the world’s biggest network equipment maker, said yesterday that revenue in the quarter ended 31 July rose 27 per cent from a year earlier to $10.8bn (£6.9bn). That was slightly below market forecasts of $10.9bn.Its net profit rose to $1.9bn from $1.1bn a year earlier. Cisco shares are down around six per cent so far this year, due to worries that slower growth in Europe and China could hurt a nascent recovery in global technology spending. Cisco is considered one of the technology sector’s prime bellwethers. Show Comments ▼ KCS-content whatsapp whatsapp Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Wednesday 11 August 2010 8:37 pm Cisco misses estimates Tags: NULLlast_img

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