From Wall Street – Cisco – FY2019-Q2

Cisco appears to be firing on all cylinders.

Current Highlights

The highlights for FY2019-Q2, the period ending January 25, 2019, include:

  • Total revenue of $12.4 billion, up ~ 5% year-over-year (Y/Y)
  • Service revenues flat
  • Applications revenues up 24%, driven mostly by acquisitions
  • 65% of software revenues derived from subscriptions, up from 54% Y/Y
  • Increased quarterly dividend to shareholders; increased buyback authorization by $15B to $24B
  • GAAP net income was a loss of $8.778 billion after including an $11.1 billion charge related to the enactment of the Tax Cuts and Jobs Act (Trump tax cut)

This content is available to premium subscribers only.
To see your content access options, please Sign In or Sign Up

Related Posts