Cisco’s First-Quarter Revenue Growth: Must-Knows
Cisco Systems (CSCO) posted better-than-expected revenues in the first quarter of fiscal 2019, which it reported on November 14 after the market bell. First-quarter revenues of $13.07 billion exceeded analysts’ expectation of $12.86 billion by 1.6% and surpassed the company’s revenue expectation of $12.74 billion–$12.99 billion. Cisco’s revenues increased 7.7% year-over-year from $12.14 billion a year ago.