Categories AlphaGraphs, Earnings, Technology

CSCO Earnings: Cisco reports higher adj. profit and revenue for Q2 2023

Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday said its second-quarter 2023 revenue and adjusted net profit increased from last year.

Cisco Q2 2023 earnings infographic

Excluding special items, adjusted earnings rose to $0.88 per share in the most recent quarter from $0.84 per share in the same period of 2022. Unadjusted net income was $2.8 billion or $0.67 per share, compared to last year’s profit of $3.0 billion or $0.71 per share.

Second-quarter revenues increased 7% year-over-year to $13.6 billion, with strong contributions from the core Secure, Agile Networks division.

Check this space to read management/analysts’ comments on Cisco’s Q2 earnings

“The modern, highly secure networks we are building serve as the backbone of our customers’ technology strategy. This, combined with the success of our ongoing business transformation and operational discipline gives me confidence in our future,” said Cisco’s CFO Chuck Robbins.

Prior Performance

  • Cisco-Q1-2023-Earnings-Infographic
  • Cisco Q4 2022 earnings infographic
  • Cisco Q3 2022 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

TC BioPharm develops safer, less expensive products to target more cancers: CEO Bryan Kobel

TC BioPharm (NASDAQ: TCBP) is a clinical-stage cell therapy company focused on the development of treatments for infectious diseases, including advanced allogeneic chimeric antigen receptor (CAR) T-cell therapy products for

Cintas Corp. (CTAS) Q3 2023 earnings and revenue increase

Uniform rental company Cintas Corporation (NASDAQ: CTAS) on Wednesday announced financial results for the third quarter of 2023, reporting higher earnings and revenues. At $2.19 billion, third-quarter revenues were up

Infographic: Micron (MU) reports net loss for Q2; revenue down 53%

Micron Technology Inc. (NASDAQ: MU) slipped to a loss in the second quarter of 2023 from a profit last year, hurt by a sharp fall in revenues. The chipmaker reported

Add Comment
Viewing Highlight