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!

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