Cisco falls on soft guidance
83 cents per share, excluding certain items, vs. 82 cents per share as expected by analysts, according to Refinitiv.Revenue grew 6% on an annualized basis in the quarter, according to aThe majority of Cisco's revenue comes from sales of data center networking products, including switches and routers. That business is represented by Cisco's Infrastructure Platforms segment, which came up with quarterly revenue of $7.88 billion, above the $7.
The Applications segment had $1.49 billion in revenue, in line with the $1.49 billion FactSet analyst consensus. Cisco's Security business contributed $714 million in revenue, less than $739.9 million FactSet consensus estimate.
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