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Cisco’s third quarter revenues of $ 12 billion, net profit of $ 2.8 billion

NetEase Technology News May 14, according to foreign media reports, Cisco’s third-quarter fiscal year ended March net profit fell 6.67% to 2.8 billion US dollars, revenue fell 8% to 12 billion US dollars.
According to the financial report released by Cisco, its third-quarter net profit fell from US $ 3 billion in the same period last year, or 69 cents per share, to 2.8 billion US dollars, or 65 cents per share. Revenue fell 8% to $ 12 billion, in line with Wall Street expectations. Excluding specific items, the third-quarter profit was 79 cents per share, better than analysts expected.
Cisco said in mid-April that it would provide customers with $ 2.5 billion in funding to encourage them to continue to purchase equipment during the Covid-19 outbreak. At the same time, payment delays will be granted to buyers who purchase Cisco equipment, services and software.

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