Cisco has successfully completed the 2016 fiscal year, but may soon be fired from 7 to 20 percent of the state

Cisco has published the results of the fourth quarter of fiscal 2016 and the entire year overall. To begin, we note that third-party sources the day before yesterday published information according to which the company fired 14 000 employees, representing nearly 20% of total staff Cisco.

With regard to the financial results for the quarter, the company was rescued by 12.6 billion us dollars, which is 2% less than the year before. Operating profit rose from 2.9 billion to 3.3 billion. Increased and net profit reaching 2.8 billion against $ 2.3 billion last year.

At the end of the year revenue amounted to 49.2 billion dollars, while the previous year was equal 49,16 billion Operating profit increased from 10.8 billion to 12.7 billion, and net income increased from 9 billion to 10.7 billion.

By the way, the report also has information about the impending dismissals, but said there is «only» about 5500 employees.



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