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Cisco shares fall despite strong earnings
Cisco's revenues increased by 18% in the fourth fiscal quarter, reaching $17.3 billion, exceeding analysts' predictions of $16.8 billion. The company also set its outlook for the current year to grow by approximately 15%. Despite these strong financial results surpassing expectations, the company's shares fell by 9% after the announcement. Analysts suggest that the forecasts may be conservative regarding future growth, as there are expectations of a sales decline in the upcoming fiscal year. The CEO confirmed that the company achieved a record year and a quarter, noting that the market is in exceptional conditions but that caution will be maintained with the start of the new fiscal year.
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