Cisco May Finally Be Able to Do this in Q2 2018

Cisco shares were flying higher in after-hours trading on Wednesday after the company revealed it has finally seen a revenue increase.

For the first quarter of 2018, Cisco posted a $12.136 billion revenue figure. Considering that in the quarter before Cisco’s revenue was $12.133 billion, this is finally an increase.

Revenue for the company is still down 2% from the year before, but if there will be a 1 to 3% year over year growth in the second quarter, it would mean that Cisco will finally have a revenue profit after 8-quarters of declines.

For the first quarter, Cisco also reported Earnings per share (adjusted) of $0.61. Wall Street had been expecting $0.60 per share.

Net income was $2.4 billion. This was a growth of 3% from the same quarter a year ago.

Disclaimer: We have no position in Cisco Systems, Inc. (NASDAQ: CSCO) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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