Cisco reported its financial results for the third quarter and nine months ended on April 28, 2018 with net revenue of $12.47 billion, an increase of 4.4%, compared to $11.94 billion in Q3 FY17. Net income for Q3 FY18 was $2.7 billion, an increase of 7%, compared to $2.5 billion in Q3 FY17. In Q3 FY18, product revenue increased by 5% mainly due to growth in infrastructure platforms and service revenues were up by 3%.
Net revenues for last nine months ended on April 28, 2018 were $36.49 billion, an increase of 1.7%, compared to $35.87 billion in the same period last year. The net loss for the last nine months 2018 was $3.70 billion compared to the net income of $7.19 billion in the same period in last year.
Looking forward to guidance for Q4 FY18, revenues are expected to grow between 4% and 6% YoY.
