Cisco Systems, Inc. (NASDAQ: CSCO) reported first quarter 2021 earnings results today.
Revenue decreased 9% year-over-year to $11.9 billion.
![](https://cdn.news.alphastreet.com/wp-content/uploads/2020/11/Cisco-Q1-2021-Earnings-Infographic.jpg)
GAAP net income fell 26% to $2.2 billion, or $0.51 per share, compared to last year. Adjusted net income dropped 11% to $3.2 billion, or $0.76 per share, versus last year.
For the second quarter of 2021, Cisco expects revenues to be flat to down 2% year-over-year. GAAP EPS is expected to be $0.55-0.60 while adjusted EPS is expected to be $0.74-0.76.
Prior performance
![Cisco-Systems-Inc.-Q4-2020-Earnings-Infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2020/08/Cisco-Systems-Inc.-Q2-2020-Earnings-Infographic-608x1024.jpg)
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