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Ekonomické zprávy
18.11.2021

Company news: Cisco (CSCO) quarterly earnings beat analysts’ forecast

Cisco (CSCO) reported Q1 FY 2022 earnings of $0.82 per share (versus $0.76 per share in Q1 FY 2021), beating analysts’ consensus estimate of $0.80 per share.

The company’s quarterly revenues amounted to $12.900 bln (+8.1% y/y), slightly missing analysts’ consensus estimate of $12.982 bln.

Cisco also issued guidance for Q2 FY 2022, seeing EPS of $0.80-0.82 versus analysts’ consensus estimate of $0.82 and revenue growth of +4.5-6.5% y/y, which equate to $12.50-12.74 bln analysts’ consensus estimate of $12.81 bln.

CSCO fell to $52.80 (-6.98%) in pre-market trading.

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