Cisco CEO Chuck Robbins spoke on January 22, 2025 at the Squawk Box of CNBC outside the World Economic Forum in Davos, Switzerland.
Gerry Miller | CNBC
Cisco Shares climbed about 6% in Wednesday’s expansion trading after network hardware manufacturers reported fiscal second-quarter results and guidance, exceeding Wall Street expectations.
Here is how the company opposes the LSEG consensus:
- Earnings per share: Adjusted 94 cents, expect 91 cents
- income: $13.99 billion vs. $13.87 billion expected
According to one, revenue rose 9% in the quarter, which ended on January 25, from $12.79 billion in the same period last year. statement. Growth is three-quarters of the decline in revenue. The company said orders for AI infrastructure exceeded $350 million in the quarter.
Cisco now believes adjusted earnings for fiscal 2025 are $368 to $3.74, and $56 billion to $56.5 billion in revenue. Analysts for LSEG votes have been looking for adjusted $3.66 and $55.99 billion per share in revenue. Novemberforecasts of earnings per share of $3.60 to $3.66, and revenue of $55.3 billion.
Net income in the latest period was nearly 8% to $2.43 billion, or 61 cents per share, from $2.63 billion or 65 cents per share a year ago.
The network sector’s revenue totaled $6.85 billion, down 3%, but exceeded the $6.67 billion consensus of analysts surveyed by StreetAccount.
The security sector contributed $21.1 billion. This is 117% higher than the same period last year due to the increase in Splunk. According to StreetAccount, analysts are expected to be $2.01 billion.
Splunk, Cisco purchase In March 2024, adjusted earnings per share were earned for $27 billion. The statement said that if it weren’t for Splunk’s contribution, Cisco’s total revenue would have fallen by 1% year-on-year.
As of Thursday’s end, Cisco’s shares have so far gained 5% in 2025, while the S&P 500 has gained about 3%.
Executives will discuss the results on the call starting at 4:30 p.m. ET.
This is breaking news. Please check it for updates.
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