How Cisco Systems Performed in Fiscal 2Q17
Revenue rose 1% YoY On February 15, 2017, #Cisco Systems (CSCO) announced its fiscal 2Q17 results. It reported revenue of $11.6 billion, a fall of 2% YoY (year-over-year), with EPS (earnings per share) of $0.57. While its product revenue fell 4%, its service revenue rose 5% in fiscal 2Q17. Analysts had expected EPS of $0.56 and revenue of $11.6 billion in the quarter. Cisco’s product revenue was driven by a 14% YoY rise in its Security segment and a 4% YoY rise in its Collaboration segment in fiscal 2Q17. Revenues in its Switching, Routing, and Data Center businesses fell 5%, 10%, and 4%, respectively, in fiscal 2Q17. Revenue from its Service Provider Video segment fell 41%, whereas revenue from its Wireless segment rose 3% in fiscal 2Q17.