Cisco: EPS down 12% in Q3
"Sales, gross margin and non-GAAP EPS came in at or above our target ranges, both including and excluding Splunk, resulting in continued operating leverage," notes CFO Scott Herren.
"Our unique ability to bring together networking, security, observability and data enables Cisco to offer its customers unrivalled digital resilience for the AI era", comments CEO Chuck Robbins, also pointing to a still dynamic environment.
For its full 2023-24 financial year, Cisco anticipates non-GAAP EPS of between $3.69 and $3.71, and sales of between $53.6 and $53.8 billion, implying target ranges of $0.84-0.86 and $13.4-13.6 billion for the final quarter.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction