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Cisco Beats Q1 Expectations But Q2 Outlook Falls Short

By John F. Heerdink, Jr.

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology.

Cisco announced Q1 earnings recently reporting figures that fell short of Wall Street targets for the second-quarter outlook even though they beat Q1 expectations. Excluding certain items, Cisco reported revenue of $13.16 billion, versus $13.09 billion expected. EPS of 84 cents per share was reported versus vs. 81 cents expected. Cisco’s revenue increased by 1% on an annualized basis for the quarter ending October 26.

The company forecasts an EPS of 75 cents to 77 cents excluding certain items with an annual revenue decline of 3% to 5% in the fiscal second quarter.

“As far as what we’d model going forward, we’ve effectively assumed that it will stay as is. I don’t think we haven’t modeled any material further deterioration or improvement I think is what we’ve put forward today,” stated Cisco CEO Chuck Robbins.

Earnings from other segments as reported:

  • Infrastructure Platforms, including switches and routers for companies’ data centers, reported $7.54 billion in revenue.
  • Cisco’s Applications segment generated $1.50 billion in revenue.
  • Security business recorded $815 million ahead of $723.1 million.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Cisco stock falls as it forecasts revenue decline in CNBC)


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