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Adam_a

Cisco Announces Its 3Q17 Earnings

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Looking at the numbers, Cisco is reporting a revenue of $11.9 billion down slightly from last year’s $12 billion. On net income, the company is reporting a GAAP new income of $2.5 billion (up some from this time last year, $2.3 billion) and a non-GAAP of $3 billion (again up slightly from last year’s $2.9 billion). This works out to diluted earnings per share of $0.50 and $0.60. Gross margin for this quarter was 63% GAAP and 64.4% non-GAAP. Operating income was $3.2 billion GAAP and $3.9 billion non-GAAP. Cash and cash equivalents were down to $68 billion at the end of the quarter from last quarter’s $71.8 billion.

Cisco Announces Its 3Q17 Earnings

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