Pandemic continues to be spanner in the works for Cisco enterprise sales

Cisco's share price tumbled in after-hours trading on Tuesday after CEO Chuck Robbins told investors that the pandemic is continuing to impede the recovery of its enterprise business. Revenues for its second quarter for the three months ending 23 January 2021 came in at the higher end of Cisco's guidance with flat growth year on year to $12bn, while GAAP operating income fell five per cent to $3.2bn. EMEA was Cisco's highest growing segment during the quarter, with revenues up two per c...