Cisco: mixed Q4 results.

(CercleFinance.com) - On Wednesday evening Cisco reported mixed Q4 2016/17 results, with adjusted net earnings down 3% at 3.
1 billion dollars, meaning EPS of 61 cents, in line with the consensus.

Revenues for the US network equipment giant slipped 4% to 12.1 billion dollars, slightly above the consensus, with recurrent revenues up four points at 31%.

"Although in line with forecasts issued by the group last May, this decline is the fourth in a row," underlined broker Aurel BGC, adding that Cisco still expects a 1%-to-3% decline in sales this quarter.

Over the past fiscal year, the California-based group reported flat adjusted earnings at 12 billion dollars, i.e. 2.39 dollars per share, on revenues that are down 3% at 48 billion dollars.


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