Company generates steady growth, despite its large size.
The highlights for FY2019-Q3, the period ending April 27, 2019, include:
- Revenues of $12.96B represent 4% growth overall, but 6% when excluding the divested SPVSS (service provider video) business
- Overall product revenue up 7%, service revenue up 3%
- GAAP net income of $3 billion, up 13%
- Revenue up in Americas and EMEA, down in APAC/Japan
- Infrastructure sales up both Q/Q and Y/Y, despite typical seasonality