/// Cisco’s Q3 Results Beat Street Consensus

May 15, 2013  |  All Things Digital


Quarterly results from Cisco Systems have just hit the wires, and they’re slightly better than expected. Earnings on a per-share basis were 51 cents on sales of $12.2 billion. Both numbers beat the consensus of Wall Street analysts, who had expected earnings of 49 cents on sales of $12.18 billion. Cisco shares are rising in after-hours trading. They’re up to $22.04, or nearly 4 percent, having closed at $21.21 during the regular session. Here’s Cisco’s original announcement. Cisco Reports Third Quarter Earnings SAN JOSE, CA — May 15, 2013 – Cisco (NASDAQ: CSCO) Q3 Net Sales: $12.2 billion (increase of 5% year over year) Q3 Earnings per Share: $0.46 GAAP; $0.51 non-GAAP Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its third quarter results for the period ended April 27, 2013. Cisco reported third quarter net sales of $12.2 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.46 per share, and non-GAAP net income of $2.7 billion or $0.51 per share. “Cisco is executing at a very high level in a slow, but steady economic environment. We are especially pleased with our ninth consecutive record revenue quarter. We are starting to see some good signs in the US and other parts of the world which are encouraging,” stated Cisco Chairman and CEO John Chambers. “We have the right products, the right solutions and our customers are coming to us to solve their biggest business problems. The pace of change is increasing and Cisco is well positioned.” Chambers continued, “We have always believed that the Internet will revolutionize the way we work, live, play, and learn. This has never been truer than it is today, with cloud, mobility and video all coming together to deliver the Internet of Everything and unprecedented new opportunities for businesses and consumers. We’re excited about the future.” GAAP Results Q3 2013 Q3 2012 Vs. Q3 2012 Net Sales $ 12.2 billion $ 11.6 billion 5.4 % Net Income $ 2.5 billion $ 2.2 billion 14.5 % Earnings per Share $ 0.46 $ 0.40 15.0 % Non-GAAP Results Q3 2013 Q3 2012 Vs. Q3 2012 Net Income $ 2.7 billion $ 2.6 billion 4.7 % Earnings per Share $ 0.51 $ 0.48 6.3 % Net sales for the first nine months of fiscal 2013 were $36.2 billion, compared with $34.4 billion for the first nine months of fiscal 2012

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Cisco’s Q3 Results Beat Street Consensus



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