Categories AlphaGraphs, Earnings, Technology

CSCO Earnings: All you need to know about Cisco’s Q1 2023 earnings results

Cisco Systems Inc. (NASDAQ: CSCO) reported first quarter 2023 earnings results today.

Revenue increased 6% year-over-year to $13.6 billion.

Net income decreased 10% to $2.7 billion while EPS fell 7% to $0.65. Adjusted EPS rose 5% to $0.86.

Both revenue and adjusted EPS beat expectations.

The company expects revenue to grow 4.5-6.5% YoY for the full year of 2023. GAAP EPS is expected to be $2.63-2.76 while adjusted EPS is expected to be $3.51-3.58.

The stock gained over 4% during after-market hours following the announcement.

Prior performance

Cisco Q4 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Viewing Highlight