Cisco Systems (CSCO) Beats Q1 Earnings & Revenue Estimates
Zacks Investment Research | Nov 14, 2018 08:12PM ET
Cisco Systems (NASDAQ:CSCO) delivered first-quarter fiscal 2019 non-GAAP earnings of 75 cents per share coming ahead of the Zacks Consensus Estimate of 72 cents per share. Further, the figure rose 22.9% from the year-ago quarter.
Revenues increased 7.7% year over year to $13.072 billion and surpassed the Zacks Consensus Estimate of $12.871 billion. Acquisitions contributed 80 basis points (bps) to revenue growth in the reported quarter.
Strength witnessed in the company’s Security and Applications segments drove year-over-year growth. Order strength and improving traction of the subscription-based model were other tailwinds.
Cisco Systems, Inc. Revenue (TTM)
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