Easing supply chain snags and Cisco (NASDAQ:CSCO)’s recent investments in cloud offerings and targeted price hikes have helped the company improve its business and attract customers amid an economic slowdown.
Cisco forecast current-quarter revenue to grow between 4.5% and 6.5%, while expecting adjusted earnings between 84 cents and 86 cents per share.
The company’s revenue was $13.63 billion in the first quarter, above analysts’ estimates of $13.31 billion, according to Refinitiv data.
Excluding items, Cisco earned 86 cents per share.
Source: Economy - investing.com
