Cisco: Q2 adjusted EPS up 3%
(CercleFinance.com) - On Tuesday evening Cisco Systems reported adjusted net profit that is up 2% at 3.
4 billion dollars for its Q2 2020-21, meaning adjusted EPS of 79 cents (+3%), beating the consensus.
Its revenues were flat at 12 billion dollars, with a 2% increase in services, although a 1% decline in products, as growth in security (+10%) failed to offset a 3% decline in infrastructure platforms.
For the current quarter, the network equipment giant said it expects adjusted EPS of 80 to 82 cents, an adjusted operating margin of 33% to 34% and revenues that are up between 3.5% and 5.5% year-on-year.
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4 billion dollars for its Q2 2020-21, meaning adjusted EPS of 79 cents (+3%), beating the consensus.
Its revenues were flat at 12 billion dollars, with a 2% increase in services, although a 1% decline in products, as growth in security (+10%) failed to offset a 3% decline in infrastructure platforms.
For the current quarter, the network equipment giant said it expects adjusted EPS of 80 to 82 cents, an adjusted operating margin of 33% to 34% and revenues that are up between 3.5% and 5.5% year-on-year.
Copyright (c) 2021 CercleFinance.com. All rights reserved.