Cisco Systems Inc. (NASDAQ: CSCO) reported second quarter 2021 earnings results today.
Total revenues remained flat at $12 billion compared to the year-ago period.
GAAP net income declined 12% year-over-year to $2.5 billion, or $0.60 per share. Adjusted net income rose 2% to $3.4 billion while adjusted EPS increased 3% to $0.79 from last year.
For the third quarter of 2021, revenue is expected to grow 3.5-5.5% year-over-year. GAAP EPS is projected to be $0.64-0.69 while adjusted EPS is estimated to be $0.80-0.82.
Cisco declared a quarterly dividend of $0.37 per common share, which is up 3% over the previous quarter’s dividend, to be paid on April 28, 2021 to all stockholders of record as of April 6, 2021.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Biotechnology company Monte Rosa Therapeutics is slated to go public this week. In a pandemic-ridden world, this industry is expanding at a healthy pace. The global biotechnology market is estimated
The healthcare sector is going through a phase of consolidation, creating fresh opportunities for emerging companies in a market that is slowly recovering from the pandemic. Several pharmaceuticals firms have
Shares of American Airlines Group (NASDAQ: AAL) have gained 42% since the beginning of this year and 50% over the past 12 months. Despite this, there is a mixed sentiment