Earnings

Cisco (CSCO) earnings Q2 2022

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Cisco shares rose as much as 5% in extended trading on Wednesday after the enterprise software and hardware maker disclosed fiscal second-quarter earnings that surpassed analysts’ expectations.

Here’s how the company did:

  • Earnings: 84 cents per share, adjusted, vs. 81 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $12.70 billion, vs. $12.65 billion as expected by analysts, according to Refinitiv.

Revenue increased by 6% year over year in the quarter, which ended Jan. 29, according to a statement. In the previous quarter revenue had risen 8%.

“There are still significant constraints with semiconductors, preventing us from completing manufacturing of some of our…



Source cnbc.com

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