Cisco Q1 Earnings Are Out - Stock Soars 8% After Crushing Expectations

Cisco Systems just reported earnings, with shares initially rocketing 8% after beating Wall Street’s expectations on both revenue and earnings.

Here are the key numbers:

• Revenue: $18.517B vs. $18.13B expected 🟢
• Adjusted EPS: $1.40 vs. $1.33 expected 🟢

Year-over-year growth:

• Revenue: +24%
• EPS: +40%

Quick Read:

Cisco exceeded revenue expectations by 2% and EPS estimates by 5%, with earnings jumping 40% year-over-year.