Cisco's results for the fiscal fourth quarter came in mostly as analysts had expected.
In this article
CIsco
reported results on Wednesday that narrowly exceeded analysts’ expectations and issued quarterly guidance that was also better than expected.
Here’s how the company did in comparison with LSEG consensus:
Revenue increased 7.6% year over year in the quarter, which ended on July 26, according to a statement. Net income rose to $2.82 billion, or 71 cents per share, from $2.16 billion, or 54 cents per share, in the same quarter a year ago.
Cisco reported revenue growth in the quarter of close to 10%, topping analysts' estimates.
Jay Woods reviews Cisco, a key company reporting earnings this week, and why traders will be dissecting this week's CPI and PPI…
Cisco shares are up more than 20% year to date, largely driven by enthusiasm pouring into artificial intelligence infrastructure…
Cisco's AI story has finally started resonating with Wall Street, with the stock hitting a record late last year and continuing…
The company also issued slightly better than expected guidance.
Options trader Michael Khouw breaks down how to navigate Cisco earnings.
