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Jan 23, 2021
Cisco Q2 2021 Earnings Report
Cisco's Q2 2021 earnings were reported with flat revenue and increased non-GAAP EPS.
Key Takeaways
Cisco reported flat revenue year-over-year at $12.0 billion. GAAP EPS was $0.60, a decrease of 12%, while non-GAAP EPS was $0.79, an increase of 3%. The company saw growth in Security products and made progress in its business transformation to software and subscriptions.
Total product order growth of 1% year over year.
Product revenue strength across Catalyst 9000, Data Center Switching, Security, Wireless and Webex portfolios.
Great progress on business transformation to more software and subscription, with 76% of software revenue sold as a subscription.
Dividend increased 3%.
Cisco
Cisco
Cisco Revenue by Segment
Cisco Revenue by Geographic Location
Revenue by Segment
Security Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPJC Revenue
CapyFin.com Forward Guidance
Cisco expects revenue growth between 3.5% and 5.5% year-over-year for Q3 2021. Non-GAAP EPS is expected to be between $0.80 and $0.82.
Positive Outlook
- Revenue: 3.5% - 5.5% growth Y/Y
- Non-GAAP gross margin rate 65% - 66%
- Non-GAAP operating margin rate 33% - 34%
- Non-GAAP tax provision rate 19%
- Non-GAAP EPS $0.80 - $0.82