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.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2022/11/Cisco-Q1-2023-Earnings-Infographic-608x1024.jpg)
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](https://cdn.news.alphastreet.com/wp-content/uploads/2022/08/Cisco-Q4-2022-earnings-infographic-608x1024.jpg)
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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