{"id":88243,"date":"2024-05-16T00:24:44","date_gmt":"2024-05-16T04:24:44","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88243"},"modified":"2024-05-15T23:41:13","modified_gmt":"2024-05-16T03:41:13","slug":"cisco-reports-better-than-expected-results-even-as-revenue-suffers-steepest-drop-in-15-years","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/cisco-reports-better-than-expected-results-even-as-revenue-suffers-steepest-drop-in-15-years.html","title":{"rendered":"Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years"},"content":{"rendered":"\n<p>(CNBC) Cisco\u2019s revenue declined by about 13% year over year in the quarter, which ended on April 27, according to a statement. That\u2019s the steepest slide since 2009. Net income fell 41% to $1.89 billion, or 46 cents per share, from $3.21 billion, or 78 cents per share, a year earlier. The weakening performance stems from clients setting up the equipment they received in recent quarters, according to the statement.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/05\/15\/cisco-csco-q3-earnings-report-2024.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Cisco\u2019s revenue declined by about 13% year over year in the quarter, which ended on April 27, according to a statement. That\u2019s the steepest slide since 2009. Net income fell 41% to $1.89 billion, or 46 cents per share, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88243","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88243"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88243\/revisions"}],"predecessor-version":[{"id":88244,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88243\/revisions\/88244"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}