W3Schools

Earnings Outlook: Cisco earnings: High hopes pinned to return to revenue growth

Cisco Systems Inc. is expected to return to quarterly revenue growth after more than a year of steady declines as businesses refresh their internal networks and the tech giant continues to migrate to a subscription-based business model.

Cisco CSCO, +2.71% reports fiscal second-quarter earnings after the bell Wednesday, with a turnaround in revenue expected following six straight quarters of revenue declines. Cisco shares had rallied to 17-year highs following its last earnings report and a forecast to a return to revenue growth.

Core businesses like switching and services are expected to see modest gains, with above-average gains in collaboration and security revenue.

>>> Original Source <<<

Comentários