Cisco Reports Net Income of $2.5 Billion in Q3 for Fiscal Year 2017
Last week Cisco (NASDAQ: CSCO) reported its third quarter fiscal year 2017 financials for the period ended April 29, 2017. The company had $11.9 billion in revenue, a 1 percent decrease year over year. Recurring revenue represented 31 percent of the total, a 2 percent increase year over year. The company also reported GAAP net income of $2.5 billion, or GAAP diluted earnings per share of $0.50. Other highlights for the third quarter of fiscal year 2017 include…
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