Cisco +5.7% after Q2 beats, upside Q3 guidance [Seeking Alpha]
Cisco Systems, Inc. (CSCO)
Last cisco systems, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investor.cisco.com/investor-relations/overview/default.aspx
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Source: Seeking Alpha
Cisco +5.7% after Q2 beats, upside Q3 guidanceCisco Systems (NASDAQ:CSCO) isup 5.7% after hours in early going afterfiscal Q2 earnings beat on top and bottom lines and guidance for current-quarter profits runs ahead of consensus.The company posted a net loss of $8.8B vs. a year-ago gain of $2.3B, though those results included an $11.1B charge tied to tax reform ($9B for U.S. transition tax, $1.2B for foreign withholding and $0.9B to remeasure deferred tax assets).On a non-GAAP basis, net income rose to $3.1B from $2.9B, and EPS went up 11% to $0.63.It also boosted its quarterly dividend by $0.04 (14%) to $0.33/share, and increased its stock repurchase authorization by $25B with no fixed termination date (that brings total authorized amount to $31B).Revenue breakout: Product, $8.71B (up 2.6%); Servie, $3.18B (up 2.9%).For Q3, it's guiding to 3-5% revenue growth, gross margin of 63-64%, operating margin of 29.5-30.5%, and EPS of $0.64-$0.66 (above consensus for $0.63).Conference call to
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CSCO
News
- ASC Achieves Certification for Webex Calling [Yahoo! Finance]Yahoo! Finance
- Now Open for Nominations: The First Edition of the Stevie® Awards for Technology Excellence [Yahoo! Finance]Yahoo! Finance
- Now Open for Nominations: The First Edition of the Stevie® Awards for Technology Excellence [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Cisco Systems (CSCO) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Office redesigns should focus on enabling hybrid work arrangements, AI: study [Yahoo! Finance]Yahoo! Finance
CSCO
Earnings
- 2/14/24 - Beat
CSCO
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/18/24 - Form 8-K
- CSCO's page on the SEC website