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Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

by Editor August 14, 2024, 8:30 pm 1.7k Views

Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.

Hollie Adams | Bloomberg | Getty Images

Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates.

Here are the key numbers:

Earnings: 87 cents per share, adjusted, vs. 85 cents per share estimate, adjusted,…

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