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Cisco Releases Q2 Earnings

By John F. Heerdink, Jr.

Cisco Systems, Inc. (CSCO) reported second-quarter earnings this week, exceeding analyst estimates. The technology giant’s earnings rose 2% to 79 cents a share from a year earlier. Revenue stood at $12 billion, nearly flat versus the year-earlier period. Analysts had expected Cisco earnings of 76 cents on sales of $11.92 billion for the quarter ending January 23. Cisco repurchased $801 million of its own stock for the January quarter.

For the current April quarter, Cisco earnings are expected to be 81 cents, midpoint of its guidance, in line with estimates. The company expects revenue to climb 4.5% ahead of analysts of 3% to $12.36 billion.

The company has shifted its focus from its core business of selling network switches and routers and is now aiming to increase revenue from software and services from acquisitions.

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

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(Read Original Story: Cisco Stock Falls As Guidance Disappoints Amid Expectations for Post-Covid Rebound in Investor's Business Daily)


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