Cisco To Trim 8% Of Its Global Workforce After Reporting Modest Earnings Beat
Today Cisco reported its fiscal fourth quarter 2014 results, including revenue of $12.36 billion in revenue, and non-GAAP earnings per share of $0.55. Investors had expected $0.53 in profit per share in revenue of $12.14 billion in revenue. Despite besting expectations, Cisco’s quarter was lackluster. The company’s revenue fell 0.5% compared to the year ago period, and its net income fell 1% compared to its fiscal fourth quarter of 2014.
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