Cisco beats fourth-quarter revenue estimates

(Reuters) - Cisco Systems Inc reported a smaller-than-expected drop in quarterly revenue on Wednesday, as more people working from home during lockdowns boosted demand for its networking equipment and teleconferencing tools. Revenue fell about 9% to $12.15 billion (9.31 billion pounds) for the fourth quarter ended July 25, edging past analysts' estimate of $12.08 billion, according to Refinitiv IBES data. (Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath)

Reuters August 13, 2020 02:05:53 IST
Cisco beats fourth-quarter revenue estimates

Cisco beats fourthquarter revenue estimates

(Reuters) - Cisco Systems Inc reported a smaller-than-expected drop in quarterly revenue on Wednesday, as more people working from home during lockdowns boosted demand for its networking equipment and teleconferencing tools.

Revenue fell about 9% to $12.15 billion (9.31 billion pounds) for the fourth quarter ended July 25, edging past analysts' estimate of $12.08 billion, according to Refinitiv IBES data.

(Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath)

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