Cisco reported better-than-anticipated fiscal second-quarter earnings and revenue estimates and also lifted its prediction for the full year. Shares of the Cisco initially jumped in extended trading before paring most of its gains. The total revenue of Cisco grew 7% year over year in the quarter ended on Jan. 28. CEO Chuck Robbins said, “Some components…
The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The CSRC’s rules do not ban the Variable…
Cybersecurity firm Darktrace said it has hired auditing firm EY to review its important financial processes and controls in an attempt to ensure confidence of investors after a short seller QCM accused the Darktrace of manipulation in its accounts. Geoffrey Hurst, chair of the board said, “The Board believes fully in the robustness of Darktrace’s financial processes…
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