Cisco just reported its quarterly earnings. A lot of eyes are watching Cisco this quarter because it set the bar very low for itself. It warned that revenues would decline by 8-10% over the previous quarter.
It reported CSCO Non-GAAP EPS $0.47, Exp $0.46, Revenue $11.2 Billion
Analysts expected 46 cents earnings per share on revenue of about $11 billion for the second quarter.
We're sifting through the earnings report now. More to come.