Cisco topped Wall Street's revenue target in its fiscal Q4, but gave a lackluster business forecast for the current quarter.
ADVERTISEMENT
Cisco's weak revenue forecast is driving down its stock (CSCO)
The tech behemoth, known for router and switches, saw revenues down 4%.
ADVERTISEMENT
Recommended articles
Cisco's stock declined roughly 2% in after hours trading on Wednesday following the announcement.
Here's are Cisco's results:
- Revenue (GAAP) —
- $12.1 billion
- 12.64 billion in Q4 2016.
- Earnings per share (adjusted) —
- Net income (GAAP) —
- Projected revenues (GAAP)
- Projected earnings per share (adjusted)
- Full year revenues (GAAP)
- Full year earnings per share (adjusted)
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Africa's giants play tug of war for the top economic spot
Morocco is making giant strides to become Africa's aviation manufacturing hub
Hackers test their ransomwares in less protected regions like Africa before striking richer nations: Report
Top social media platforms used for agriculture in Kenya - Survey
African countries with the fastest-growing military strength in 2024
3 African countries could play host to Russian diplomatic missions
Trends in online casino gaming in New Zealand
10 African countries with the highest number of migrants
