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Cisco reported a record quarterly revenue growth

17.08.2018 11:00:23

The world's largest manufacturer of networking equipment Cisco Systems in the fourth fiscal quarter ended July 28, increased revenue by 6% to a record $12 billion 800 million. Analysts had expected the growth of the indicator to 12 billion 770 million dollars. Net profit rose to 3 billion 800 million dollars from 2 billion 420 million dollars a year earlier. Excluding one-off factors, earnings were 70 cents per share while experts had predicted 69 cents per share. Quarterly revenue of the infrastructure projects division increased by 7%. The revenue of the application release division increased by 10%, of the devision that produces software for computer security - by 12%.  

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