Cisco Reports Second Quarter Earnings

Cisco today reported second quarter results for the period ended January 23, 2021. Cisco reported second quarter revenue of $12.0 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.60 per share, and non-GAAP net income of $3.4 billion or $0.79 per share.

“We are seeing encouraging signs of strength across our business showing how our technology will be a powerful engine for recovery and growth,” said Chuck Robbins, chairman and CEO of Cisco. “Our team delivered a strong performance as we partnered with customers on accelerating their digital transformation and driving secure, remote work.”

“Cisco executed well in Q2, delivering growth in orders, strong margins, and growth in non-GAAP EPS, while continuing to grow deferred revenue in double-digits through the shift to more software and subscriptions,” said Scott Herren, CFO of Cisco.

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