Cisco reported lower revenue and profit, but increased its cash and cash equivalents
Cisco has published a report on the results of the second quarter of the 2017 financial year, which ended January 28.
During the reporting period, the company saved 11.6 billion dollars, which is 3% lower than a year earlier. Operating profit decreased by 12%, to $ 2.9 billion. Net profit decreased from 3.1 to 2.3 billion dollars, which corresponds to a change of 25%.
The company also noted the increase in operating expenses by 6% to $ 4.4 billion. For the quarter the staff of Cisco has decreased by 426 people and now includes 71 959 people.
At this point in the asset Cisco 71,8 billion of cash and equivalents vs 71 billion in the last quarter and 65.8 billion at the end of the last financial year.