Cisco reports Q1 revenue up 8% YoY to $14.7B, vs. $14.6B est., net income up 36% YoY to $3.6B, and forecasts Q2 revenue far short of estimates; CSCO drops 10%+ (Ian King/Bloomberg)

November 15, 2023

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Ian King / Bloomberg:

Cisco reports Q1 revenue up 8% YoY to $14.7B, vs. $14.6B est., net income up 36% YoY to $3.6B, and forecasts Q2 revenue far short of estimates; CSCO drops 10%+ — – Quarterly outlook comes in well short of analysts’ estimates — Corporate customers are keeping tight rein on tech spending

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