Cisco Earnings Shine in Q2
For the quarter, which ended Jan. 28, Cisco reported revenues of $11.5 billion and net income of $2.2 billion, or $0.40 per share. For the same quarter a year ago, Cisco had reported revenues of $10.4 billion and net income of $1.5 billion, or $0.27 per share.
Non-GAAP earnings per share of $0.47 beat the analyst consensus forecast of $0.43, as tallied by Thomson Reuters .
The big question, though, is whether Cisco will keep up the good news going into its third quarter. Other vendors have said they expect service-provider spending to be tight overall, although spending on the wireless side is expected to increase. (See Carrier Capex Could Rebound Quickly and Wireless Capex to Grow 13% in 2012.)
— Craig Matsumoto, Managing Editor, Light Reading