Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday August 14, 2013

Cisco Posts Strong Q4, Plans To Cut 4,000 Jobs

Hell yeah! We made a lot of money this quarter! Let's celebrate by firing 4,000 people! Wait. What?!?

The company reported fourth-quarter earnings this year of $2.3 billion, or 42 cents a share, on revenue of $12.4 billion. Non-GAAP earnings for the fourth quarter were 52 cents a share. According to Thomson Reuters, Cisco was expected to report earnings of 51 cents a share on revenue of $12.4 billion.