Cisco Systems beats by $0.03, reports revs in-line; guides Q2 EPS below consensus, revs below consensus :
- Reports Q1 (Oct) earnings of $0.59 per share, $0.03 better than the Capital IQ Consensus of $0.56; revenues rose 3.6% year/year to $12.68 bln vs the $12.65 bln Capital IQ Consensus.
- Gross margin and product gross margin were 63.2% and 62.3% respectively.
- Operating expenses were $4.1 billion, down 1%, and at 32.7% of revenue
- Co issues downside guidance for Q2, sees EPS of $0.53-0.55 vs. $0.56 Capital IQ Consensus Estimate; sees Q2 revs +0-2% YoY, equates to roughly $11.94-12.17 bln vs. $12.54 bln Capital IQ Consensus Estimate.
- "We guided to solid growth in Q2. Our guidance reflects lower than expected order growth in Q1, driven largely by the uncertainty of the macro environment and currency impacts. Despite these headwinds, I believe we are executing very well. We are moving very fast to capture new opportunities and I feel good about how we are positioned for the second half of the year.
No comments:
Post a Comment