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Adam_a

Cisco Announces 2Q19 Earnings

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Looking at the numbers, Cisco is reporting revenue of $12.4 billion, up 7% from this time last year. The company saw a GAAP net income of $2.8 billion or a gain of $0.63 earnings per share this is a massive improvement from this time last year when the company reported an $8.8 billion net loss. For non-GAAP the company saw a net income of $3.3 billion or $0.73 diluted earnings per share. Cisco reported a total gross margin as 62.5% GAAP and 64.1% non-GAAP. Operating expenses for the quarter were $4.6 billion GAAP and $4.0 billion non-GAAP.

 

 

Cisco Announces 2Q19 Earnings

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