{"id":89897,"date":"2024-11-14T00:10:50","date_gmt":"2024-11-14T05:10:50","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=89897"},"modified":"2024-11-13T23:24:39","modified_gmt":"2024-11-14T04:24:39","slug":"cisco-reports-fourth-straight-quarter-of-declining-revenue","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2024\/cisco-reports-fourth-straight-quarter-of-declining-revenue.html","title":{"rendered":"Cisco reports fourth straight quarter of declining revenue"},"content":{"rendered":"\n<p>(CNBC) Cisco\u2019s revenue dropped 6% in the quarter ended Oct. 26, from $14.7 billion a year earlier, according to a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cisco-reports-first-quarter-earnings-302304734.html\" target=\"_blank\">statement<\/a>. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in the same quarter a year ago. Networking revenue plunged 23% to $6.75 billion, slightly below the $6.8 billion consensus of analysts surveyed by StreetAccount.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/13\/cisco-csco-q1-earnings-report-2025.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Cisco\u2019s revenue dropped 6% in the quarter ended Oct. 26, from $14.7 billion a year earlier, according to a\u00a0statement. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in [&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-89897","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89897","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=89897"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89897\/revisions"}],"predecessor-version":[{"id":89898,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/89897\/revisions\/89898"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=89897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=89897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=89897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}