6 Ağu 2009

Cisco reports a 46% drop in quarterly profit

Cisco reports a 46% drop in quarterly profit

Cisco reported a fiscal fourth-quarter profit of $1.1 billion, or 19 cents a share, compared with a profit of $2 billion, or 33 cents a share for the year-earlier period. Revenue was $8.5 billion, down from $10.4 billion for the same quarter last year. Adjusted income was 31 cents a share. Analysts had expected the San Jose, Calif.-based networking gear maker to report earnings of 29 cents a share, on revenue of $8.5 billion, according to data from FactSet Reseach.

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