Global Technology Leader Cisco Finishes the Fiscal Year “Strong”
Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol-based networking and other communications technology.
Cisco reported its fourth quarter of 2018 and fiscal year results from August 15, 2018 after the market close. The company’s Non-GAAP earnings per share saw a 15% year over year increase. GAAP earnings per share were reported at $0.81 and Non-GAAP earnings per share were reported at $0.70.
Cisco saw a quarterly revenue of $12.8 billion, an increase of 6% year over year. Its fiscal year revenue was announced at $49,3 billion an increase of 3% from the previous fiscal year.
Chuck Robbins, Chairman and CEO of Cisco stated, “We had a very strong finish to a great year and generated our highest quarterly revenue of $12.8 billion. Our results demonstrate a combination of strong customer adoption of our latest innovations, the ongoing value customers see in our software and subscription offerings, and excellent execution across our customer segments and geographies. Our strategy is working and we believe that are well-positioned to capture growth across our portfolio with our pipeline of innovation.”
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