Cisco falls on disappointing quarterly guidance as revenue continues to drop

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Cisco falls on disappointing quarterly guidance as revenue continues to drop
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Cisco now expects the fourth consecutive quarter of revenue declines, hurt in part by the coronavirus pandemic.

have hurt demand for Cisco's gear in recent years, and the company's investments in software haven't made up for the decline.

"While our results reflect the ongoing challenges in the current environment, we executed well," Robbins said on the conference call. "As you would expect, the pandemic has had the most impact on our enterprise and commercial orders, driven by an overall slowdown in spending.

The Infrastructure Platforms unit, which includes switches and routers for data centers, delivered $6.63 billion in revenue, down 16% and above the $6.48 billion estimate among analysts surveyed by FactSet. The virus posed a challenge in that business, Kramer said. Cisco's Applications revenue, including sales of the Webex video-calling software, totaled $1.36 billion, which was down 9% and below the $1.45 billion consensus estimate.

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