Some good news, some bad
Current Highlights
- Quarterly revenues of $11.9 billion, down 9% year-over-year (same rate of decline as last quarter)
- GAAP net income of $2.2 billion, down 26% year-over-year
- Product revenue down 9%, and service revenue up 2%
- 78% of software revenues from subscriptions (no change from last quarter but up 7% Y/Y)
- Strong growth in Webex
- Revenue breakdown: 61% Americas, 25% EMEA, 14% APAC
