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10 Biggest Takeaways From Cisco's Q3 Earnings

Here are the 10 biggest takeaways from Cisco third fiscal quarter earnings report, which includes more company layoffs and a weak guidance for Q4.

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Service Provider Declines Continue

Cisco's service provider (SP) business, which accounts for roughly 25 percent of overall sales, has been consistency declined over the last four quarters. The networking giant reported a 10 percent drop in SP revenues for its third quarter compared to one year ago. For its fourth fiscal quarter 2016, Cisco's SP revenues dropped 5 percent year over year, followed by a whopping 12 percent decline in its first fiscal quarter 2017, then a 1 percent declined in its second quarter.

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