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Cisco's revenue falls less-than-expected 7 percent
February 12, 2014 / 9:15 PM / 4 years ago

Cisco's revenue falls less-than-expected 7 percent

Feb 12 (Reuters) - Network equipment maker Cisco Systems Inc posted a less-than-expected 7 percent decline in quarterly revenue, as it continues to struggle with sluggish growth in emerging markets like China.

Cisco, which had warned previously of a revenue decline in its fiscal second quarter, reported revenue of $11.2 billion, down from $12.1 billion a year earlier. Wall Street on average expected Cisco to report of $11.03 billion, according to Thomson Reuters I/B/E/S.

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