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Adam_a

Cisco Announces 1Q18 Earnings

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Looking at the numbers for the quarter, Cisco is reporting revenue of $12.1 billion down 2% from the same time last year and even with last quarter’s revenue. The company is reporting a GAAP net income of $2.4 billion or $0.48/share (and even with last quarter) and non-GAAP net income $3 billion or $0.61/share (down slightly from last quarter’s $3.1 billion). Gross margin was 61.2% GAAP and 63.7% non-GAAP, down slightly on GAAP from 62.2% last quarter.

 

Cisco Announces 1Q18 Earnings

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