Cisco's Profits Shrink in Q3
For its third quarter, which ended April 30, Cisco reported a profit of $1.81 billion, 33 cents a share, on revenues of 10.87 billion. A year earlier, it reported a profit of $2.2 billion, 37 cents a share, on revenues of $10.37 billion.
Revenues were slightly higher than analysts' expectations of $10.85 billion. Cisco shares were up 55 cents (3%) to $18.34 in early after-hours trading.
— Craig Matsumoto, West Coast Editor, Light Reading