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todayonline - 1 month ago

Cisco beats fourth-quarter revenue estimates

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 for the fourth quarter ended July 25, edging past analysts estimate of $12.08 billion, according to Refinitiv IBES data. REUTERS


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