imagesCisco sees routing revenue dip 8% due to timing of large deals

By

Cisco’s routing segment is in a bit of limbo as the vendor reported that first quarter revenue declined 8 percent to $1.8 billion due to the timing of some of the orders it has from its key customers.

Speaking to investors during its first quarter earnings call, Chuck Robbins, CEO of Cisco, said that despite the first quarter hit, he expects routing to rise in the coming quarter.

“We did see routing decline 8 percent,” Robbins said during the first quarter earnings call, according to a Seeking Alpha transcript. “We do expect routing revenue to return to growth due to timing of large deals we saw in Q1.”

Read More…

Pin It on Pinterest