From Wall Street – Cisco Systems – FY2021-Q3

Current Highlights

  • Quarterly revenues of $12.8 billion, up 7% quarter-over-quarter and 7% year-over-year
  • GAAP net income of $2.9 billion, up 3% year over year.
  • Product revenue up 7% and services revenue up 8% quarter-over-quarter
  • 81% of software revenue sold as a subscription, up from 76% last quarter
  • Revenue breakdown: 57% Americas, 27% EMEA, 16% APAC (very similar to last quarter)

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