Cisco: Q3 earnings just above consensus
(CercleFinance.com) - On Wednesday night Cisco Systems reported Q4 2018-19 adjusted net income that is up 9% at 3.
6 billion dollars, meaning adjusted EPS that is up 19% at 83 cents, beating the consensus by one cent.
The network equipment giant's revenues increased 5% to 13.4 billion dollars, including 7% growth for products (+14% in security), while its adjusted gross margin improved by 2.3 points to 65.5%.
For the current quarter, the San Jose based Group (California) expects adjusted EPS of between 80 cents and 82 cents, with revenues that are up by 0 to 2% relative to the same period of 2018-19.
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