Cisco Systems, Inc. (NASDAQ: CSCO) reported first quarter 2021 earnings results today.
Revenue decreased 9% year-over-year to $11.9 billion.
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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
For a large number of people, streaming videos and TV shows are the first preference when they want to keep themselves engaged during the lockdown. Streaming giant Netflix, Inc. (NASDAQ:
Citigroup Inc. (NYSE: C) on Friday said its fourth-quarter profit decreased despite modest growth in revenues. However, the numbers topped the market’s projections. Fourth-quarter net profit declined to $3.2 billion
JPMorgan Chase & Co. (NYSE: JPM) reported fourth-quarter 2021 earnings results today. Reported revenue was flat year-over-year to $29.3 billion. Net income decrease 12% to $12.1 billion while EPS decreased