Cisco's Q1 Beats Expectations, Stock Soars

Ciscos latest earnings report, released on November twelfth, exceeded expectations with non-GAAP earnings per share of one dollar and total revenue of fourteen point eight eight billion dollars. This surpassed investors anticipated figures of ninety-eight cents per share and fourteen point seven seven billion dollars in revenue. The positive news led to a significant jump in Ciscos stock, climbing more than four percent in after-hours trading. The companys product and services revenue also saw healthy growth, contributing to the overall strong performance. Ciscos optimistic guidance for the upcoming fiscal second quarter further reinforces its status as a leading player in the technology industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.