(Reuters) - Cisco Systems Inc forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company. Cisco, which announced in August that it would slash 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges. Analysts on average had expected revenue of $12.51 billion, according to Thomson Reuters I/B/E/S. Cisco said orders in its public sector business, which includes sales to federal, state and local governments, fell 4 percent in the third quarter ended April 29.
U.S. President Donald Trump told South Korea's presidential envoy that Washington was willing to resolve the North Korean nuclear crisis through engagement under the right conditions, South Korea's Yonhap News Agency reported on Thursday. Trump has said "a major, major conflict" with North Korea was possible and all options were on the table but wanted to resolve the crisis diplomatically and peacefully, possibly through the use of economic sanctions.
BOSTON (AP) — Black students at Harvard University are organizing a graduation ceremony of their own this year to recognize the achievements of black students and faculty members some say have been overlooked.
(Reuters) - Cisco Systems Inc forecast current-quarter revenue that widely missed analysts' estimates and said it would cut 1,100 more jobs, as the world's largest networking gear maker steps up efforts to transform into a software-focused company. Cisco, which announced in August that it would slash 5,500 jobs, said the new cuts would result in $150 million in additional pretax charges. Analysts on average had expected revenue of $12.51 billion, according to Thomson Reuters I/B/E/S. Cisco said orders in its public sector business, which includes sales to federal, state and local governments, fell 4 percent in the third quarter ended April 29.
U.S. President Donald Trump told South Korea's presidential envoy that Washington was willing to resolve the North Korean nuclear crisis through engagement under the right conditions, South Korea's Yonhap News Agency reported on Thursday. Trump has said "a major, major conflict" with North Korea was possible and all options were on the table but wanted to resolve the crisis diplomatically and peacefully, possibly through the use of economic sanctions.
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