shipfeedAI news, curated daily

23:06:18 CET
20 MAY23:06:18shipfeed⋯
pull to refreshlast sync
Just in — 30 new
§ feed · storyline

Cisco reports Q3 revenue beat, raises outlook despite 4,000 job cuts

Cisco reports Q3 revenue of $15.84B, up 12% year-on-year, raises Q4 guidance above estimates, and announces cuts of nearly 4,000 jobs.

May 13 · · primary fetch1 sourceupdated May 13 ·

Jordan Novet / CNBC: Cisco reports Q3 revenue up 12% YoY to $15.84B, vs. $15.56B est., forecasts Q4 revenue above est., and is cutting almost 4,000 jobs; CSCO jumps 17%+ after hours — Cisco shares soared 15% in extended trading on Wednesday after the networking company issued results and guidance that topped Wall Street's projections.

read full article on techmeme.com ↗
§ sources1 publication · timeline below
  1. techmeme.comCisco reports Q3 revenue up 12% YoY to $15.84B, vs. $15.56B est., forecasts Q4 revenue above est., and is cutting almost 4,000 jobs; CSCO jumps 17%+ after hours (Jordan Novet/CNBC)primary