Cisco Beats on Q2 EPS Estimates
Cisco has reported positive numbers for fiscal Q2 2013. For the quarter, the company posted net sales of $12.1 billion and non-GAAP net income of $2.7 billion ($0.51 per share). The two line items were 5% and 44% higher, respectively, on a year-over-year basis. The revenue figure generally met analyst expectations, while EPS beat the average projection of $0.58.
In Q2 2012, the top line came in at $11.5 billion and net income was $2.6 billion ($0.47 per share).
On a conference call discussing the results, Cisco said it expected revenue in Q3 to advance by 4%-6% at an annual rate and for EPS to land at $0.48-$0.50.
The article Cisco Beats on Q2 EPS Estimates originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Cisco. The Motley Fool recommends Cisco Systems. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.