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By Akash Sriram (Reuters) -Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that ...
Cisco cuts annual forecasts on slowdown in new orders. ... For the full year, Cisco expects revenue between $53.8 billion and $55.0 billion, and adjusted per-share earnings in the range of $3.87 ...
Cisco forecast fourth-quarter revenue between $13.4 billion and $13.6 billion, compared with analysts' estimates of $13.23 billion, according to LSEG data. For the third quarter, revenue fell 13% ...
The company's largest acquisition as of October 2023 is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [3] Cisco's previous largest acquisition was tied between Cerent Corporation and Scientific Atlanta for $6.9 billion in 1999 and 2005 respectively.
Cisco expects to produce revenue between $13.4 billion and $13.6 billion, down about 13% year over year. Excluding Splunk, revenue would be down a whopping 18%.
After Irimajiri left Sega in 2000, Sega sold its Nvidia stock for $15 million. In late 1999, Nvidia released the GeForce 256 (NV10), its first product expressly marketed as a GPU, which was most notable for introducing onboard transformation and lighting (T&L) to consumer-level 3D hardware. Running at 120 MHz and featuring four-pixel pipelines ...
June 4, 2024 at 7:12 AM. Good morning. Cisco Systems, which is gearing up to meet the AI demand on enterprises, just made a big leap among the Fortune 500. The San Jose–based digital ...
Cisco blamed the weakness on a slowdown in orders in the first quarter, saying "customers are currently focused on installing and implementing products in their environments". The company, looking ...