Cisco Systems (CSCO) Tops Q2 EPS by 3c; Seeing 'Encouraging Signs of Strength'

Cisco Systems (NASDAQ: CSCO) reported Q2 EPS of $0.79, $0.03 better than the analyst estimate of $0.76. Revenue for the quarter came in at $12 billion versus the consensus estimate of $11.92 billion.

"We are seeing encouraging signs of strength across our business showing how our technology will be a powerful engine for recovery and growth," said Chuck Robbins, chairman and CEO of Cisco. "Our team delivered a strong performance as we partnered with customers on accelerating their digital transformation and driving secure, remote work."

"Cisco executed well in Q2, delivering growth in orders, strong margins, and growth in non-GAAP EPS, while continuing to grow deferred revenue in double-digits through the shift to more software and subscriptions," said Scott Herren, CFO of Cisco.

GUIDANCE:

Cisco Systems sees Q3 2021 EPS of $0.80-$0.82, versus the consensus of $0.81. Revenue: 3.5% to 5.5% growth year over year

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

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