Fri. Feb 28th, 2020

Cisco earns 5,804 million dollars in its first fiscal semester, 8.9% less



The manufacturer of Internet equipment Cisco recorded a profit of 5,804 million dollars in the first six months of fiscal year 2020, 8.9% less than the 6,371 million obtained in the same period last year, the company said Wednesday.

Cisco entered in the past six months 25,164 million dollars, slightly below the 25,518 million billed in the same period of 2019.

The firm, based in San José (California, USA), said that in the first half of its fiscal year it ended up with earnings of $ 1.36 per share, compared to the benefits of $ 1.40 in the same period of the previous year.

On a year-on-year basis, the router manufacturer kept its long-term debt virtually the same in the last twelve months, which only rose marginally from $ 14,475 million to 14,494.

With respect to the most recent quarter, the period that most analysts on Wall Street were following today, Cisco had a net profit of 2,878 million, compared to the 2,822 earnings recorded during the first half of fiscal year 2019.

The quarterly result per share showed a profit of 68 cents, while in the same period last year they were 63 cents per share.

In terms of quarterly revenues, Cisco billed between November and January 12,005 million dollars, below the 12,446 million recorded in the closed quarter at the end of January 2019.

“I am extremely proud of the innovation that our teams continue to achieve. I am confident in our long-term growth opportunities as we help our clients build the networks of the future,” the CEO of Cisco said, presenting the accounts, Chuck Robbins

The results of Cisco did not finish convincing on Wall Street, where the company’s shares were left 3.28% to $ 48.29 per share in electronic operations after the closure of the New York parks.

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