Cisco Systems (CSCO) Tops Q1 EPS by 1c
Cisco Systems (NASDAQ: CSCO) reported Q1 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter fell 2% to $12.1 billion versus the consensus estimate of $12.11 billion.
Cisco Systems sees Q2 2018 EPS of $0.58-$0.60, versus the consensus of $0.58. Sees Q2 revenue growth of 1% to 3%.
"Our results in Q1 demonstrate the continued progress we're making on our strategy," said Chuck Robbins, CEO of Cisco. "The network has never been more critical to business success. Cisco is delivering more insights and intelligence as we help our customers build highly secure, intelligent platforms for digital business."
"We delivered a solid Q1 and executed well as we focus on strategic priorities and maintaining rigorous discipline on profitability and cash generation," said Kelly Kramer, CFO of Cisco. "We delivered strong growth in operating and free cash flow, focused investments on long term profitable growth, and returned $3.1 billion to shareholders through repurchases and quarterly dividends."
For earnings history and earnings-related data on Cisco Systems (CSCO) click here.