Cisco Falls Postmarket as Soft Guidance Offsets Earnings Beat
Summary
Investing.com - Cisco (NASDAQ:CSCO) reported guidance that missed Wall Street estimates Wednesday, which overshadowed fiscal first-quarter results that topped forecasts amid a challenging macroeconomic backdrop. The company reported earnings per share (EPS) of $0.84 on revenue of $13.16 billion. That compared to EPS of $0.75 on revenue of $13.07 billion in the same period a year earlier. The company had reported EPS of $0.83 on revenue of $13.43 billion in the previous quarter. By segment, infrastructure platforms generated $7.54 billion, down 1% annually, applications came in at $1.50 billion, a 6% increase, security was reported at $815 million, a 22% jump, and other products generated $26 million, down 85%.
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AI & Machine learning
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Financial Software
Data Analytics Software
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$1M to $5M