Cisco Systems (CSCO) Tops Q1 EPS by 3c, Q2 Guidance Misses
Get Alerts CSCO Hot Sheet
EPS Growth %: -16.0%
Financial Fact:
Service: 3.05B
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.84, $0.03 better than the analyst estimate of $0.81. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $13.09 billion.
"We delivered a solid quarter against a challenging macro environment," said Chuck Robbins, chairman and CEO of Cisco. "We're focused on continuing to drive innovation, transform our business and exceed our customers' expectations."
"We performed well in Q1, growing revenue and delivering strong margins and EPS," said Kelly Kramer, CFO of Cisco. "With software subscriptions now at 71% of our software revenue, we are making good progress in transforming our business model. We continue to invest in our innovation pipeline to generate long-term profitable growth and deliver value for shareholders."
GUIDANCE:
Cisco Systems sees Q2 2020 EPS of $0.75-$0.77, versus the consensus of $0.79.
- Revenue: (3)% to (5)% decline year over year
For earnings history and earnings-related data on Cisco Systems (CSCO) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Schlumberger (SLB) earnings in-line, revenue beats expectations
- Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
- Procter & Gamble (PG) Tops Q3 EPS by 11c, Revenues Miss
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!