Cisco Techniques, Inc. (NASDAQ: CSCO) reported its third quarter 2024 earnings outcomes at present.
Revenues decreased 13% year-over-year to $12.7 billion, however managed to beat estimates of $12.5 billion.
Web revenue decreased 41% to $1.9 billion, or $0.46 per share, in comparison with final yr. Adjusted EPS fell 12% to $0.88, however surpassed projections of $0.82.
For the fourth quarter of 2024, Cisco expects income of $13.4-13.6 billion, GAAP EPS of $0.46-0.51, and adjusted EPS of $0.84-0.86.
For fiscal yr 2024, income is predicted to be $53.6-53.8 billion. GAAP EPS is predicted to be $2.46-2.51 and adjusted EPS is predicted to be $3.69-3.71.
The inventory rose over 7% in aftermarket hours on Wednesday, following the earnings announcement.
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