x
Optical/IP

Cisco Earnings Shine in Q2

Cisco Systems Inc. (Nasdaq: CSCO) reported a better-than-expected profit for its second quarter, but all eyes will be on its third-quarter forecast Wednesday afternoon.

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

Pete Baldwin 12/5/2012 | 5:43:10 PM
re: Cisco Earnings Shine in Q2

Product book-to-bill "approximately 1," Cisco's saying on the earnings call.


They haven't given guidance yet but that doesn't bode well. Most people are expecting a pretty conservative forecast anyway, I think.


UPDATE: Guidance exceeded expectations, so, never mind.  (Note that "exceeds expectations" still means "flat sequentially," basically.)


http://www.lightreading.com/document.asp?doc_id=217272

HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE