Cisco calms worries with solid quarter

Fiscal second-quarter earnings for the maker of networking gear beat Wall Street expectations.

Cisco Systems allayed concerns about its second-quarter results with earnings that topped expectations.

The networking giant reported fiscal second-quarter earnings of $1.5 billion, or 27 cents a share, on revenue of $10.4 billion. Non-GAAP earnings were 37 cents a share. Wall Street was expecting earnings of 35 cents a share.

As noted in a preview, analysts were expecting Cisco to rebuild its order backlog. Demand throughout the quarter looked solid. Indeed, Cisco CEO John Chambers said "the quarter played out as we expected."

Read more of "Cisco calms worries, posts solid second quarter" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

    Join the discussion

    Conversation powered by Livefyre

    Show Comments Hide Comments
    Latest Galleries from CNET
    Catwalk contraptions: High-tech couture of 2014 (pictures)
    The most anticipated games of 2015
    Tech industry's high-flying 2014
    Uber's tumultuous ups and downs in 2014 (pictures)
    The best and worst quotes of 2014 (pictures)
    A roomy range from LG (pictures)