On 14 February 2018, Cisco reported its fiscal 2Q18 results, topping both earnings and revenue estimates.
Between 2Q17 and 2Q18, the company’s revenue grew 3% to US$11.9billion, despite analysts expecting the company to generate revenue of US$11.8billion.
Cisco also reported EPS (earnings per share) of US$0.63, while analysts were expecting EPS of US$0.59.
In fiscal 2Q18, Cisco’s application revenue also grew 6% to US$1.2 billion.
Furthermore, its stock rose 6% that day in after-hours trading.
Written by Leah Alger