Cisco: Q1 EPS above estimates

(CercleFinance.com) - On Wednesday night Cisco Systems reported Q1 2019-20 adjusted net income that is up 5% at 3.
6 billion dollars, meaning adjusted EPS that is up 12% at 84 cents, three cents above the consensus.

The network equipment giant reported revenue that is up 2% at 13.2 billion dollars, including 4% growth for services, while its adjusted gross margin improved by 1.7 point to 65.9%.

For this Q2, the group from San Jose (California) expects adjusted EPS of between 75 cents and 77 cents, as well as on revenue that is down by 3% to 5% compared to Q2 2018-19.


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