Cisco posts quarterly revenue of $12 billion, down 4% yoy

Cisco reported revenue of $12.0 billion for the quarter ended January 25, 2020, down 4%, with product revenue down 6% and service revenue up 5%.  GAAP net income was $2.9 billion or $0.68 per share, and non-GAAP net income was $3.3 billion or $0.77 per share.

Revenue by geographic segment was: Americas down 5%, EMEA down 3%, and APJC down 1%. Product revenue was led by growth in Security, up 9%.  Infrastructure Platforms and Applications were each down 8%.

“I am incredibly proud of the innovation our teams continue to drive,” said Chuck Robbins, chairman and CEO of Cisco. “I am confident in our long-term growth opportunities as we help our customers build out the networks for the future.”