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Community gear maker Cisco Programs Inc. (NASDAQ: CSCO) on Wednesday mentioned its second-quarter 2023 income and adjusted internet revenue elevated from final yr.
Excluding particular objects, adjusted earnings rose to $0.88 per share in the latest quarter from $0.84 per share in the identical interval of 2022. Unadjusted internet revenue was $2.8 billion or $0.67 per share, in comparison with final yr’s revenue of $3.0 billion or $0.71 per share.
Second-quarter revenues elevated 7% year-over-year to $13.6 billion, with sturdy contributions from the core Safe, Agile Networks division.
Test this house to learn administration/analysts’ feedback on Cisco’s Q2 earnings
“The fashionable, extremely safe networks we’re constructing function the spine of our clients’ expertise technique. This, mixed with the success of our ongoing enterprise transformation and operational self-discipline provides me confidence in our future,” mentioned Cisco’s CFO Chuck Robbins.
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