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Despite revenue decline, Cisco fights back with new acquisition and plans for product extensions

Cisco Systems Inc. recently announced its intent to buy Springpath Inc, leading hyperconvergence software provider for $320 Million in cash. The decision came few days after the computer networking giant announced its fourth quarter earnings report of a declining revenue base. Total revenue was down 4% recorded at $12.41 billion. The revenue from many of its products was considerably low (5% down). The primary products revenue was down in the fourth quarter, while services saw an increase by 1%. Security and wireless offerings recorded 3% and 5% upsurge. While other revenue sources were all in the decline, including switching and routing (9% down year-over-year). Reportedly, analysts said that they don’t expect much improvement to the business in coming quarters, but the company can perfor...

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