Cisco Systems (CSCO) has provided disappointing revenue guidance for the second quarter of Fiscal Year 2022, as the company's first-quarter revenues missed consensus estimates. Following the news, shares of the manufacturer of networking hardware, software, telecommunications equipment, and other high-technology services and products plunged 6.1% in Wednesday’s extended trading session. Results in Detail  Cisco reported adjusted first-quarter earnings of $0.82 per share, up 8% year-over-year and in line with the consensus estimate.  Revenues of $12.9 billion stood below analysts’ expectations of $13.03 billion but were up 8% year-over-year on the back of strong performance across the business.  Segment-wise, while product revenue was up 11% year-over-year to $9.
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Cisco Systems (NASDAQ:CSCO)
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