Tech hardware giant Cisco just reported first quarter earnings, and the company beat expectations on both the top and bottom lines.
Adjusted earnings per share came in at $0.51 per share, ahead of analysts’ consensus estimate for $0.49 EPS.
Revenues in the first quarter were $12.22 billion, slightly above the consensus forecast for $12.17 billion.
Gross margin was 63.0%. Analysts were looking for 61.9%.
More to come…