Friday, 24 March, 2023

Cisco revenue declines for fifth straight quarter, shares fall

<p>Cisco&#39;s revenue declined for a fifth straight quarter, as enterprises spent less on network infrastructure products for offices due to the rise of WFH culture. The poor performance sent the firm&#39;s shares 4% down in extended trading. The infrastructure platforms unit, whose sales fell 3% in the quarter, took the biggest hit from the pandemic. The company&#39;s total revenue fell slightly to $11.96 bn in the Q2 ended Jan 23, from $12.01 bn a year earlier.</p> <p>&nbsp;</p>