Cisco Systems (CSCO) Tops Q3 EPS by 1c, Q4 EPS Guidance Misses

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Go back to Cisco Systems (CSCO) Tops Q3 EPS by 1c, Q4 EPS Guidance Misses

Cisco Reports Third Quarter Earnings

May 19, 2021 4:05 PM EDT

SAN JOSE, Calif., May 19, 2021 /PRNewswire/ --

News Summary:

Overall performance: $12.8 billion in revenue, up 7% year over year with broad-based strength across the business; GAAP EPS $0.68 and Non-GAAP EPS $0.83, each up 5% year over year 10% year-over-year total product order growth representing the strongest demand in nearly a decade Continued momentum in transforming business to software and subscriptions: 81% of software revenue sold as a subscription, up from 76% last quarter

Q3 Results:

Revenue: $12.8 billion Increase of 7% year over yearEarnings... More