Cisco Systems (CSCO) Reports In-Line Q1 EPS, Revenue Misses, Offers Guidance

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Go back to Cisco Systems (CSCO) Reports In-Line Q1 EPS, Revenue Misses, Offers Guidance

Cisco Reports First Quarter Earnings

November 17, 2021 4:05 PM EST

SAN JOSE, Calif., Nov. 17, 2021 /PRNewswire/ -- 

News Summary:

Overall performance: $12.9 billion in revenue, up 8% year over year, with broad-based strength across the business; GAAP EPS $0.70, up 37% year over year, and Non-GAAP EPS $0.82, up 8% year over year Strong demand across the business with 33% year-over-year total product order growth Solid progress on business model transformation: Total Annualized Recurring Revenue was $21.6 billion for the first quarter of fiscal 2022, up 10% year over year   Q1 Results: Revenue: $12.9 billion Increase of 8% year over... More