Cisco: Q3 net profit up 4%

(CercleFinance.com) - On Wednesday evening Cisco Systems reported Q3 2020-21 adjusted net profit that is up 4% at 3.
5 billion dollars, meaning adjusted EPS of 83 cents (+5%), broadly in line with market expectations.

Revenues rose by 7% to 12.8 billion dollars, with increases of 8% in services and 6% in products (including a 13% increase in security products), while its adjusted gross margin fell by 0.6 percentage point to 66%.

For the current quarter, the networking equipment giant said it expects adjusted EPS of 81-83 cents, an adjusted operating margin of 32%-33% and y-o-y revenue growth of 6%-8%.

Seems good... however, the share is down over 5% in pre-market trading on Thursday.


Copyright (c) 2021 CercleFinance.com. All rights reserved.