Categories AlphaGraphs, Earnings, Technology
Earnings: Cisco (CSCO) Q3 2023 profit grows on higher revenues
Cisco Systems Inc. (NASDAQ: CSCO) announced results for the third quarter of 2023, reporting higher revenues and earnings. The company also provided guidance for the fourth quarter and fiscal 2023.
The San Jose-headquartered network gear maker said that earnings, excluding special items, rose to $1.00 per share in the April quarter from $0.87 per share in the same period of 2022. Unadjusted net income was $3.21 billion or $0.78 per share, compared to last year’s profit of $3.04 billion or $0.73 per share.
At $14.57 billion, third-quarter revenues were up 14% year-over-year. The top line benefitted from strong contributions from the core Secure, Agile Networks division.
“In Q3, we delivered record revenue and double-digit growth in both software and subscription revenue. As key technologies like cloud, AI and security continue to scale, Cisco’s long-established leadership in networking, and the breadth of our portfolio position us well for the future,” said Cisco’s CEO Chuck Robbins.
Stocks you may like:
International Business Machines Corp. (IBM) Stock
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on