Just a number of days when covering a replacement chief govt, Cisco discovered financial third quarter monetary results when the bell on weekday.
The networking big reportable a net profit of $2.4 billion, or forty seven cents per share (statement).
Non-GAAP earnings were fifty four cents per share on prime of a revenue of $12.1 billion, up 5 % year-over-year.
Wall Street was searching for earnings of fifty three cents per share with $12.07 billion in revenue.
Cisco chief financial officer Kelly Kramer gushed concerning the positive leads to the report, remarking, “I feel nice concerning the quarter. we have a tendency to dead well and therefore the strategy is functioning.
Kramer attributed the better-than-expected results to a “good balance once more across our portfolio,” highlight earnings per share grew quicker than revenue. Continue reading “Cisco tops Q3 earnings, revenue expectations”