Cisco reports earnings: it's a beat

Cisco CEO Chuck RobbinsBusiness Insider/screen captureCisco CEO Chuck Robbins

Cisco just reported its first quarter earnings and we’re sifting through them now.

Cisco reported:

$US12.7 billion in revenue. Analysts were expecting $US12.65 billion. That’s a slight beat.

59 cents EPS, analysts expected 56 cents EPS. That’s a big beat.

This is the first full quarter under Cisco’s new CEO Chuck Robbins, although he hasn’t been flying totally solo. Former long-time CEO John Chambers is executive chairman and still very much involved in the company.

More to come.

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