Trending: Cisco Sees Strong Demand Following 4Q, FY22 Results
August 18 2022 - 11:43AM
Dow Jones News
11:13 a.m. ET -- Cisco Systems Inc. is one of the most talked
about companies in the U.S. across all news items in the last 12
hours, according to Factiva data. On Wednesday, the technology
company reported flat revenue and a 4% slide in earnings per share
for the fiscal fourth quarter, but it ended the fiscal year with
revenue up 3% and earnings up 13%. Chuck Robbins, Cisco's chair and
CEO, said strong demand was continuing as the company's orders and
backlog were both at record highs. The company guided for revenue
growth for the fiscal first quarter and fiscal year 2023. Dow Jones
& Co. owns Factiva. (Write to Daniel Papp at
daniel.papp@wsj.com)
(END) Dow Jones Newswires
August 18, 2022 11:28 ET (15:28 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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