Cisco revenue at $12.8B in Q3, up 7% YoY

Mittwoch, 19. Mai 2021 22:08

Cisco Systems Inc. reported on Wednesday that its revenue in the third fiscal quarter of 2021 amounted to $12.8 billion, marking a 7% increase year-over-year. The company's net income rose 3% on an annual basis to reach $2.9 billion, while diluted earnings per share went up by 5% to $0.68. Operating income totaled $3.5 billion, rising by 1% compared to the third quarter of fiscal 2020.

"Cisco had a great quarter with strong demand across the business," said CEO of Cisco Chuck Robbins. "We are confident in our strategy and our ability to lead the next phase of the recovery as our customers accelerate their adoption of hybrid work, digital transformation, cloud, and continued strong uptake of our subscription-based offerings."

Cisco's shares were 5.76% down in after-hours trading following the release of the report.

Povezani linkovi: Cisco Systems Inc.
Autor:
Breaking the News / MJ