Cisco: Q3 results in line with estimates
(CercleFinance.com) - On Wednesday evening Cisco Systems reported Q3 2017-18 adjusted net income that was up 6% at 3.
2 billion dollars, meaning EPS of 66 cents, one cent above the consensus.
The network equipment giant's revenue rose by 4% to 12.5 billion dollars, again broadly in line with the consensus, with the share of recurrent revenues improving by two points y-o-y, reaching 32%.
The group has posted solid quarterly results, although has maintained its guidance, which is close to analysts' expectations, Aurel BGC said, which hence explains investors' profit taking on the share in electronic trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 billion dollars, meaning EPS of 66 cents, one cent above the consensus.
The network equipment giant's revenue rose by 4% to 12.5 billion dollars, again broadly in line with the consensus, with the share of recurrent revenues improving by two points y-o-y, reaching 32%.
The group has posted solid quarterly results, although has maintained its guidance, which is close to analysts' expectations, Aurel BGC said, which hence explains investors' profit taking on the share in electronic trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.