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Cisco published its financial results for the first quarter
Yesterday the company published a Cisco financial results for the first of the current fiscal year for the quarter, and that well reflect the company’s performance during the past three months, but the company were not optimistic for the near future.
The company reported that net income totaled $ 2.4 billion, or 48 cents per share, and revenues of about $ 12.7 billion, up 4% from last year, it was Wall Street analysts expect to report revenue of $ 12.65 billion.
Shares of Cisco Systems more than 5% in trading hours after the announcement, as Cisco announced the company’s earnings exceeded analysts’ estimates, but it cut its forecast for the second quarter, and Atof Wall Street analysts for the second quarter of the fiscal year that revenues will reach 12.55 billion dollars.
The company lowered its earnings forecast for the second quarter of the current fiscal year, Cisco expects sales to be flat in the second quarter with only a 2% increase in year-on-year.
He acknowledged Chuck Robbins, chief executive of the company in prepared remarks that “the general trend has been reflected in the growth lower than expected in the first quarter, due to the lack of confirmed economic environment has raised criticism”.
He added Chuck Robbins “We know that our attitudes for the second quarter of the fiscal year is lower than expected market, and orders slowed during the first quarter to some extent because of some of our customers’ concerns about the vagaries of criticism, though I find that we are working well in full of updates environment and we feel good with the results. ”
Cisco will terminate a small number of acquisitions which has not yet completed during the second quarter, related to most of the video and analyzing data security services acquisitions.
These include Alasthawwazt Portcullis consulting firm headquartered in the United Kingdom, and the German company ParStream for data analysis and storage of a wide range of real-time data.
Cisco also completed the acquisition of the company protection from security threats OpenDNS amount of $ 635 million during the first quarter.Viewing:-158
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