Global Technology Leader Cisco Beats Analysts Predictions & “Positioned” For Trade War
Recently global technology leader Cisco Systems, Inc. (CSCO) reported that its total revenue rose approx. 4 percent to $12.96 billion, beating analyst’s expectation of $12.89 billion. Cisco also earned 78 cents/share beating expectations of 77 cents/share.
Forward-looking, Cisco added that they have minimal sales exposure in China and that altering its supply chain has helped the technology giant to curb the effects of the trade war. The company expressed it has been working for 6 months to modify its supply chain and has been gearing up to face any trade disputes, as reported.
Chief Financial Officer Kelly Kramer, Cisco informed that only 3 percent of the company’s sales come from China, in addition, she stated “We still have products that are being tariffed, but we are reducing the size of that pie. We can take some pricing actions to account for the cost.” as per reports.
Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology. To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.
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