Cisco Reports Strong Third Quarter Financial Results
Q3 Highlights
Revenue:
Cisco reported third quarter revenue of $12.7 billion, an increase of 4% year-over-year.
Net Income:
Net income on a GAAP basis was $3.3 billion, a 5% increase compared to the same quarter last year.
Gross Margins:
Cisco reported strong gross margins of 65.3%, a slight increase from the previous quarter.
Operating Leverage:
The company demonstrated strong operating leverage, with operating expenses increasing at a slower rate than revenue growth.
Conference Call Details
Cisco will host a conference call on Wednesday, May 15, 2024, at 1:30 PM PT to discuss the financial results in more detail.
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