News 1 min read

Cisco Reports Third Quarter Earnings

16 May, 2018
  • Q3 Revenue: $12.5 billion
    • Increase of 4% year over year
    • Recurring revenue was 32% of total revenue, up 2 points year over year
  • Q3 Earnings per Share: $0.56 GAAP; $0.66 non-GAAP
  • Q4 FY 2018 Guidance:
    • Revenue: 4% to 6% growth year over year
    • Earnings per Share: GAAP: $0.55 to $0.60; Non-GAAP: $0.68 to $0.70
SAN JOSE, Calif., May 16, 2018  -- Cisco today reported third quarter results for the period ended April 28, 2018. Cisco reported third quarter revenue of $12.5 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.7 billion or $0.56 per share, and non-GAAP net income of $3.2 billion or $0.66 per share. "We are executing well against our strategy, our innovation pipeline has never been stronger, and we continue to make great progress in transforming towards more software and subscriptions," said Chuck Robbins, Chairman and CEO, Cisco. "I am confident with our position in the industry and the impact we will continue to drive with our customers." More at https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1926646
Cloud Communications Alliance

Related Posts

Browse these posts below for the latest in cloud communications news and insights.

28 February 2025
Snom strengthens its management team as Mark Wiegleb and Mario Schenker take on new roles
Premium IP telephony brand, Snom Technology, has appointed Mark Wiegleb as Vice ...
28 February 2025
Vonage Recognized for 5G Innovation with Gold Merit Awards for Telecom 2025
Established in 2022, the Merit Awards for Telecom honors companies shaping the ...
28 February 2025
Intermedia Adds Intelligent Archiving to Its Groundbreaking Embedded Microsoft Teams Solution
Now, Microsoft Teams users leveraging Intermedia Unite® and Intermedia Contact ...

Searching For Cloud
Communications Services? 

We’ll guide you to the best provider for your needs.

Join the CCA Today!

Join over 150+ cloud communications companies already growing with CCA.