Cisco Q3 Earnings Quick Review
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 Q3 earnings of $.66/share on May 16, 2018, after the market close. The company met the estimates that called for $.664/share.
Revenue was reported at $12.5B for Q3 2018, a 4% YOY increase. Non-GAAP net income was at $3.2B, an increase of 6% from Q3 2017.
Chuck Robbins, Chairman and CEO, Cisco, stated “We are executing well against our strategy, our innovation pipeline has never been stronger, and we continue to make great progress in transforming towards more software and subscriptions. I am confident with our position in the industry and the impact we will continue to drive with our customers.”
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