The tech behemoth, known for router and switches, saw revenues down just 4%.
Cisco reported its fiscal fourth-quarter earnings on Wednesday, with revenues slightly above analyst estimates.
Even so, Cisco's stock declined nearly 2% in after hours trading on Wednesday.
Here's are Cisco's fiscal Q4 results:
- Revenue (GAAP) — $12.1 billion, down 4% from $12.64 billion in Q4 2016. This is compared to analyst estimates of $12.07 billion. Cisco projected similar estimates.
- Earnings per share (adjusted) — $0.61, on the nose of analyst estimates and a penny above's Cisco's own forecast.
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