Cisco reports Q3 revenue of $11.9B, down 1% YoY, profits of $2.52B, forecasts disappointing Q4, and says it will cut 1100 more jobs; shares open down 7%+ (Anya George Tharakan/Reuters)


Anya George Tharakan / Reuters:

Cisco reports Q3 revenue of $11.9B, down 1% YoY, profits of $2.52B, forecasts disappointing Q4, and says it will cut 1100 more jobs; shares open down 7%+  —  Cisco Systems Inc (CSCO.O) forecast current-quarter revenue that widely missed analysts’ estimates and said it would cut 1,100 more jobs …

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