News 1 min read

Cisco Reports Third Quarter Earnings

16 May, 2018
  • Q3 Revenue: $12.5 billion
    • Increase of 4% year over year
    • Recurring revenue was 32% of total revenue, up 2 points year over year
  • Q3 Earnings per Share: $0.56 GAAP; $0.66 non-GAAP
  • Q4 FY 2018 Guidance:
    • Revenue: 4% to 6% growth year over year
    • Earnings per Share: GAAP: $0.55 to $0.60; Non-GAAP: $0.68 to $0.70
SAN JOSE, Calif., May 16, 2018  -- Cisco today reported third quarter results for the period ended April 28, 2018. Cisco reported third quarter revenue of $12.5 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.7 billion or $0.56 per share, and non-GAAP net income of $3.2 billion or $0.66 per share. "We are executing well against our strategy, our innovation pipeline has never been stronger, and we continue to make great progress in transforming towards more software and subscriptions," said Chuck Robbins, Chairman and CEO, Cisco. "I am confident with our position in the industry and the impact we will continue to drive with our customers." More at https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1926646
Cloud Communications Alliance

Related Posts

Browse these posts below for the latest in cloud communications news and insights.

13 June 2025
Zoom unveils Virtual Agent 2.0 to power smarter, autonomous customer support via next-gen agentic AI
The upgraded Zoom Virtual Agent is built to meet the rising demand for fast, ...
13 June 2025
TPx Wins 2025 Global Infosec Award for Innovative Services
With this recognition, TPx continues to strengthen its position as a trusted ...
13 June 2025
Crexendo’s NetSapiens Platform Licensees Sweep the TMCnet UC Product of the Year Awards
This remarkable achievement underscores the power of Crexendo’s NetSapiens ...

Searching For Cloud
Communications Services? 

We’ll guide you to the best provider for your needs.

Join the CCA Today!

Join over 150+ cloud communications companies already growing with CCA.