Source: www.reuters.com

1 Min Read

(Reuters) - Cisco Systems Inc 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.

Reporting by Yuvraj Malik and Eva Mathews in Bengaluru; Editing by Devika Syamnath