cisco-reports-q1-revenue-down-6%-yoy-to-$138b,-vs-$1377b-estimated,-net-income-down-25%-to-$2.7b,-and-forecasts-q2-revenue-above-estimates-(ian-king/bloomberg)

Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B estimated, net income down 25% to $2.7B, and forecasts Q2 revenue above estimates (Ian King/Bloomberg)

Ian King / Bloomberg:
Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B estimated, net income down 25% to $2.7B, and forecasts Q2 revenue above estimates  —  – Investors give tepid reaction to company’s earnings report  — Cisco has been working to recover from yearlong slump

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