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ciscom earnings

Cisco revenue falls by 9% to $11.9 bln

6 mins read

The FINANCIAL — Cisco reported first quarter results for the period ended October 24, 2020. Cisco reported first quarter revenue of $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.51 per share, and non-GAAP net income of $3.2 billion or $0.76 per share. Q1 Results: Revenue: $11.9 billion Decrease of (9)% year over year Earnings per Share: GAAP: $0.51; Non-GAAP: $0.76 GAAP EPS decreased (25)% year over year Non-GAAP EPS decreased (10)% year over year            Q2 Guidance: Revenue: 0% to (2)% decline year over year Earnings per Share: GAAP: $0.55 to $0.60;…

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Cisco revenue falls by 9% to $11.9 bln

6 mins read

The FINANCIAL — Cisco reported first quarter results for the period ended October 24, 2020. Cisco reported first quarter revenue of $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.51 per share, and non-GAAP net income of $3.2 billion or $0.76 per share. Q1 Results: Revenue: $11.9 billion Decrease…