Categories AlphaGraphs, Earnings, Technology
CSCO Earnings: Cisco Systems Q1 profit drops, but beats estimates
Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) reported a year-over-year decrease in revenue and earnings for the first quarter of 2025. Earnings topped expectations.
The San Jose-headquartered tech firm posted adjusted earnings of $0.91 per share for the October quarter, compared to $1.11 per share in the same period of 2024. Earnings came in above estimates.
Unadjusted net income was $2.7 billion or $0.68 per share in Q1, compared to last year’s profit of $3.6 billion or $0.89 per share. At $13.8 billion, first-quarter revenues were down 6% year-over-year.
“Our customers are investing in critical infrastructure to prepare for AI, and with the breadth of our portfolio, we are uniquely positioned to capitalize on this opportunity,” 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
DIS Earnings: All you need to know about Walt Disney’s Q4 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported its fourth quarter 2024 earnings results today. Revenues increased 6% year-over-year to $22.6 billion. Net income attributable to The Walt Disney Company was
A few points of note on Home Depot’s (NYSE: HD) 3Q24 performance
Shares of Home Depot (NYSE: HD) were up over 1% on Wednesday. The stock has gained 15% over the past three months. The company delivered better-than-expected earnings results for the
Spotify (SPOT) Earnings: 3Q24 Key Numbers
Spotify Technology S.A. (NYSE: SPOT) reported total revenue of EUR3.98 billion for the third quarter of 2024, up 19% year-over-year. Net income attributable to owners of the parent was EUR300
