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Cisco Reports Second Quarter Earnings

Dividend Increased 14 Percent, Additional $25 Billion Authorized for Stock Repurchase

  • Q2 Revenue: $11.9 billion
    • Increase of 3% year over year
    • Recurring revenue was 33% of total revenue, up 2 points year over year
  • Q2 Earnings (Loss) per Share: $(1.78) GAAP; $0.63 non-GAAP
    • GAAP results include an $11.1 billion charge related to the enactment of the Tax Cuts and Jobs Act
  • Q3 FY 2018 Guidance:
    • Revenue: 3% to 5% growth year over year
    • Earnings per Share: GAAP: $0.50 to $0.55; Non-GAAP: $0.64 to $0.66

SAN JOSE, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) — Cisco (NASDAQ:CSCO) today reported second quarter results for the period ended January 27, 2018. Cisco reported second quarter revenue of $11.9 billion, net loss on a generally accepted accounting principles (GAAP) basis of $(8.8) billion or $(1.78) per share, and non-GAAP net income of $3.1 billion or $0.63 per share.

“We had a great quarter which demonstrates that our strategy is working. Our business is growing, we have a fantastic innovation pipeline, our balance sheet is strong and we have a team that’s executing incredibly well,” said Chuck Robbins, Chairman and CEO, Cisco. “The network is more critical to business success than ever, and our new intent-based networking portfolio has great momentum including the fastest ramping new product in our history.”

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