Home News Cisco realigning revenue categories as model evolves – Cisco Systems, Inc. (NASDAQ:CSCO)

Cisco realigning revenue categories as model evolves – Cisco Systems, Inc. (NASDAQ:CSCO)

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On its earnings conference call, Cisco Systems (NASDAQ:CSCO) said it was changing up its revenue reporting categories in order to “better align with our evolving business model.”

The company saw revenues in its key Switching and NGN Routing categories each decline by 9% for the quarter, while Wireless revenues rose 5% and Security rose 3%.

Now the firm will sort revenue differently: Infrastructure Platform, Applications, Security, Services, and other.

Book-to-bill ratio was “comfortably above 1” at quarter’s end, the company added.

Cisco shares are now down 2.6% in after-hours trade.



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