HomeFinancial MarketsCisco Surpasses Revenue Estimates For Quarter

Cisco Surpasses Revenue Estimates For Quarter

There’s nothing sweeter than having a quarter, or year for that matter, that completely catches people off guard. Surprisingly enough, it’s actually quite common for a group of financial analysts to predict a revenue result, only for a company to blow that number out of the water. This is more or less what happened with Cisco Systems Inc for this past quarter.

Cisco, a company that specializes in selling communication tools from routers to switches, has lately been going through some struggles due to China’s recent COVID-19 uptick. However, after China loosened the reins on its supply chain pressures, Cisco was able to achieve a quarterly sales revenue that took everyone by surprise.

With more people in the market for networking hardware, Cisco has thrived as of late, making them the belle of the ball as of late. Orders and deliveries have been off the charts for the retail company, especially with new businesses looking to revamp their infrastructure and office plans now that remote work is fading away.

With many more companies heading back to the office, or at the very least implementing a hybrid model, Cisco was able to post a fourth-quarter revenue of $13.1 billion, which is much higher than was anticipated.

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