Cisco Systems (CSCO) Tops Q1 EPS by 3c; Guides Q2 EPS Below Views

(Updated - November 12, 2015 4:08 PM EST)

Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.59, $0.03 better than the analyst estimate of $0.56. Revenue was $12.7 billion, with the consensus at $12.7 billion.

"Q1 was a very strong quarter. We are accelerating our ability to deliver on growth opportunities, aggressively driving our cloud business, and delivering continued strength in our deferred product revenue, as we sell more of our portfolio in software and cloud models," said Chuck Robbins, Cisco chief executive officer.

"We guided to solid growth in Q2. Our guidance reflects lower than expected order growth in Q1, driven largely by the uncertainty of the macro environment and currency impacts. Despite these headwinds, I believe we are executing very well. We are moving very fast to capture new opportunities and I feel good about how we are positioned for the second half of the year."

Guidance:

Cisco Systems sees Q2 2016 EPS of $0.53-$0.55, versus the consensus of $0.56. Sees revenue growth of 0%-2% growth year over year.

For earnings history and earnings-related data on Cisco Systems (CSCO) click here.

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