Cisco earnings fall 21 percent but beat expectations - Mobile World Live

Cisco earnings fall 21 percent but beat expectations

23 OCT 2009

Cisco Systems said yesterday that earnings fell 21 percent in its latest quarter, but the profit comfortably beat Wall Street expectations amid signs that the market is stabilising, reports AP News. The world’s largest maker of computer networking gear posted a profit of US$1.3 billion, or 23 cents per share, for the fiscal third quarter, which ended 25 April. Sales fell 17 percent to US$8.2 billion.

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