Cisco: beats expectations in Q1

(CercleFinance.com) - On Wednesday evening Cisco Systems reported Q1 2018-19 adjusted net profit that is up 14% at 3.
5 billion dollars, meaning EPS of 75 cents, three cents above the consensus.

The US network equipment giant's quarterly revenues grew 8% to 13.1 billion dollars, with product revenue increasing by 18% in applications.

For the current quarter, Cisco Systems forecasts adjusted EPS of between 71 cents and 73 cents, with revenue growth of 5% to 7% relative to the same period last year.



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