Networking hardware company Cisco Systems (NASDAQ: CSCO) reported its fiscal third-quarter results after the market closed on May 17. Revenue dipped slightly, with the routing and collaboration businesses suffering declines, but cost-cutting efforts led to a jump in net income. The real story was Cisco’s guidance, which called for a steep decline in revenue during the fourth quarter. Here’s what investors need to know about Cisco’s third-quarter report.
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Q3 2017