From Wall Street – Cisco – FY2019-Q1

Profits growing faster than revenues.  Hard to complain …

Current Highlights

The highlights for FY2019-Q1 (the period ending October 27, 2018) are as follows:

  • Revenue of $13.1 billion, up nearly 8% year over year
  • Service revenue up 3%
  • GAAP operating income $3.8 billion, up 38%; net income $3.5 billion
  • General and administrative expenses decreased due to a benefit from a $400 million litigation settlement with Arista
  • Acquired Duo Security

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