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A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022.
Paresh Dave | Reuters
Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates and boosted its guidance for fiscal 2023.
The stock rose about 5% in extended trading.
Here’s how the company did:
- Earnings per share: 86 cents vs. 84 cents expected, according to Refinitiv
- Revenue: $13.6 billion vs. $13.3 billion expected by analysts, according to Refinitiv
Revenue increased 6% year over year, while net income slid 10% to $2.7 billion. The company now expects sales growth in fiscal 2023 of 4.5% to 6.5%, up from…
Source cnbc.com
