Categories AlphaGraphs, Earnings, Technology
CSCO Earnings: Cisco Q2 2024 earnings, revenue beat estimates
Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday announced financial results for the second quarter of 2024, reporting lower revenues and earnings. The numbers, however, exceeded Wall Street’s expectations.
The San Jose-headquartered network gear maker reported adjusted earnings of $0.87 per share for the January quarter, compared to $0.88 per share in the same period of 2023. Earnings topped expectations. Unadjusted net income was $2.63 billion or $0.65 per share in Q2, compared to last year’s profit of $2.77 billion or $0.67 per share.
At $12.79 billion, second-quarter revenues were down 6% year-over-year. Total software revenue was flat year over year, while software subscription revenue moved up 5%.
“We continue to align our investments to future growth opportunities. Our innovation sits at the center of an increasingly connected ecosystem and will play a critical role as our customers adopt AI and secure their organizations,” said Cisco’s CEO Chuck Robbins.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
Key highlights from NIKE’s (NKE) Q2 2026 earnings results
NIKE, Inc. (NYSE: NKE) reported revenues of $12.4 billion for the second quarter of 2026, which were up 1% on a reported basis and flat on a currency-neutral basis compared
