From Wall Street – Cisco – FY2019-Q3

Company generates steady growth, despite its large size.

Current Highlights

The highlights for FY2019-Q3, the period ending April 27, 2019, include:

  • Revenues of $12.96B represent 4% growth overall, but 6% when excluding the divested SPVSS (service provider video) business
  • Overall product revenue up 7%, service revenue up 3%
  • GAAP net income of $3 billion, up 13%
  • Revenue up in Americas and EMEA, down in APAC/Japan
  • Infrastructure sales up both Q/Q and Y/Y, despite typical seasonality