The net income and revenue of Cisco Systems in its fourth fiscal quarter exceeded analysts’ projections, with the introduction of new products to boost sales. But there will be redundancies
The American technological reported a profit -. Excluding extraordinary items – of 55 cents per share, against a forecast of analysts pointing to 53 cents per title.
The net result, including extraordinary items, was 2.25 billion (43 cents per share), compared to 2270 million a year earlier.
Revenues for the fourth quarter ended July 26 amounted to 12.4 billion dollars, when the estimate of analysts was 12.2 billion.
The company also announced, after market closes, this Wednesday, August 13th, which will eliminate 6,000 jobs.
On the other hand, not virtually any projected revenue growth for the current quarter (the first of the new fiscal year) due to falling demand from telecommunications companies and due to the fragility that is observed in emerging markets.
So, despite the better than expected results, Cisco follows a 3.3% fall in ” after hours “when in regular trading the market had risen nearly 1% to $ 25.20.
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