Hardware headwinds hurt Cisco as revenue dips two per cent in Q1

Hardware headwinds hurt Cisco as revenue dips two per cent in Q1

6 years ago
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https://www.theregister.co.uk/2017/11/16/cisco_q1_2018/

Cisco suffered a decline in revenue for Q1 2018, weighed down by ongoing weakness in its switch and router business.

The company reported first quarter 2018 revenue of US$12.1 billion, which was two per cent down on the first quarter 2017. Total product revenue of $9.05 was down three per cent year-on-year, while services grew one per cent to $3.08 billion.