Cisco misses quarterly revenue estimates By Reuters


© Reuters. FILE PHOTO: The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, U.S., May 4, 2015. REUTERS/Jim Young

(Reuters) – Cisco Systems Inc (NASDAQ:) missed estimates for third-quarter sales on Wednesday, hurt by COVID lockdowns in China and the war in Ukraine.

Revenue was flat year-over-year at $12.8 billion in the quarter ended April 30, missing analysts’ estimate of $13.34 billion, according to IBES data from Refinitiv.

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