CSCO - Cisco Q2 Earnings And Revenue Beat Cuts 5% Of Global Workforce | Benzinga
Cisco Systems, Inc. (NASDAQ:CSCO) reported its second-quarter financial results after the bell Wednesday. Here's a look at the highlights.
The Details:
Cisco Systems reported second-quarter earnings of 87 cents per share, beating the analyst consensus estimate of 84 cents. The company reported quarterly sales of $12.8 billion, beating the analyst estimate of $12.71 billion.
Cisco also announced a restructuring plan that will cut approximately 5% of its global workforce. The company estimates that it will recognize pre-tax charges to its GAAP ...