CSCO Earnings: All you need to know about Cisco Systems Q2 2021 earnings results

CSCO Earnings: All you need to know about Cisco Systems Q2 2021 earnings results

Cisco Systems Inc. (NASDAQ: CSCO) reported second quarter 2021 earnings results today.

Total revenues remained flat at $12 billion compared to the year-ago period.

Cisco Q2 2021 Earnings Infographic

GAAP net income declined 12% year-over-year to $2.5 billion, or $0.60 per share. Adjusted net income rose 2% to $3.4 billion while adjusted EPS increased 3% to $0.79 from last year.

For the third quarter of 2021, revenue is expected to grow 3.5-5.5% year-over-year. GAAP EPS is projected to be $0.64-0.69 while adjusted EPS is estimated to be $0.80-0.82.

Cisco declared a quarterly dividend of $0.37 per common share, which is up 3% over the previous quarter’s dividend, to be paid on April 28, 2021 to all stockholders of record as of April 6, 2021.

Prior performance

Cisco reports Q1 2021 earnings results

Credit: AlphaStreet

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