cisco-shares-rise-on-top-and-bottom-line-beats

Cisco Shares Rise on Top and Bottom Line Beats

© Reuters.  © Reuters.

Investing.com - Investors were cheered by Cisco Systems' (NASDAQ:) second-quarter results and its guidance, as the stock rose in after-hours trading.

Shares of Cisco gained 3.8% postmarket.

The company reported per share of $0.73 on revenue of $12.45 billion. Analysts polled by Investing.com expected EPS of $0.72 on revenue of $12.41 billon.

That compared to EPS of $0.63 on revenue of $11.89 billion in the same period a year earlier.

Looking ahead, Cisco predicts fiscal third-quarter adjusted earnings per share of $0.76 to $0.78, in line with analysts' forecasts, according to Briefing.com. It sees revenue for the quarter growing 4% to 6% year over year.

Revenue in its application software business rose 24 percent to $1.47 billion, beating estimates of $1.35 billion.

Sales in its security business, which offers firewall protection and breach detection systems, rose 18 percent to $658 million, above estimates of $628.9 million.

Sales in its infrastructure platform business, which includes the company's traditional business of supplying switches and routers, rose 6 percent to $7.13 billion. Analysts had expected revenue of $7.05 billion, according to Refinitiv.

-- Reuters contributed to this report.

Disclaimer: Fusion Media

would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.