Cisco: raises annual targets
(CercleFinance.com) - At its quarterly earnings call on Wednesday night, Cisco Systems raised its guidance for FY 2022-23, with it now expecting non-GAAP EPS of $3.
80 to $3.82, as well as revenue growth of 10-10.5%.
"As key technologies like cloud, AI and security continue to scale, Cisco's long-established leadership in networking, and the breadth of our portfolio position us well for the future," management said.
For Q3 2022-23, the networking technology provider posted non-GAAP EPS that is up 15% at $1 on revenue growth of 14% to $14.6bn.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
80 to $3.82, as well as revenue growth of 10-10.5%.
"As key technologies like cloud, AI and security continue to scale, Cisco's long-established leadership in networking, and the breadth of our portfolio position us well for the future," management said.
For Q3 2022-23, the networking technology provider posted non-GAAP EPS that is up 15% at $1 on revenue growth of 14% to $14.6bn.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.