The company raised its full-year guidance thanks to an increase in recurring revenue and steps to improve supply conditions.Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.shares rose as much as 8% in extended trading on Wednesday after the maker of computer networking ear announced fiscal second-quarter results that topped Wall Street expectations.88 cents per share, adjusted, vs.
Cisco lifted its guidance for the 2023 fiscal year, and now expects $3.73 to $3.78 in adjusted earnings per share and 9% to 10.5% revenue growth. Both numbers are well ahead of analysts' estimates. The Internet for the Future unit, which includes routed optical networking hardware, contributed $1.31 billion, down 1% and just below the $1.32 billion StreetAccount consensus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the Gray Market Keeping Cisco Tech in Stock in RussiaCisco stopped selling its gear in Russia, but the tech giant's routers and other equipment are easy to find in Moscow. Here’s why. Who supplied the Nazi's with their data needs used to run concentration camps? IBM. Who supplied the additive necessary for Nazi's to have an Airforce? J.P. Morgan. Who invented Fanta to market to Nazi's because it was unpatriotic to sell them their wares? Coke. Looks like it's time for STUXNET 2.O
Source: WSJ - 🏆 98. / 63 Read more »
Ex-Cisco chief John Chambers says more than a third of startups will fail in the next two years - Silicon Valley Business JournalThe excesses of the last few years are about to be worked out of the system, John Chambers said at a tech event Monday.
Source: svbizjournal - 🏆 334. / 59 Read more »
STOCK MARKET NEWS: Futures lower, TSMC shares fall, retail sales on tapTaiwan Semiconductor shares fall after Buffett trims stake. Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. 2/15/23: 🇺🇸 42 States have eliminated SALES TAX on Gold & Silver transactions. Banks around the World 🌎 keeps stock piling their Gold Reserves. Sell, Sell, Sell!
Source: FoxBusiness - 🏆 458. / 53 Read more »
STOCK MARKET NEWS: Retail sales jump, Buffett’s Apple move, Tesla’s charging station shiftThe U.S. consumer is alive in well as spending surged in January, Warren Buffett updates Apple and Taiwan Semiconductor positions, Kraft Heinz and Cisco Systems headline earnings reports. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Treasury (in black) and long-term debt (in gray) de Capital Cities/ ABC.
Source: FoxBusiness - 🏆 458. / 53 Read more »