Cisco Systems’s quarterly revenue fell for the fifth straight quarter, hurt by sluggish demand in its legacy network equipment business.
The company’s net income fell to $2.35 billion, or 47 cents per share, in the second quarter ended Jan.28 from $3.15 billion, or 62 cents per share, a year earlier.
The world’s largest networking gear maker said revenue fell 2.9% to $11.58 billion.
To offset sluggish demand for its traditional lineup of switches and routers, Cisco has been focusing on areas such as security, the Internet of things, and cloud computing.
