Cisco beats earnings and revenue estimates, boosts full-year guidance
Publishing timestamp: 2023-02-15 19:43:41
Summary
Cisco reported better-than-expected earnings and revenue for its fiscal second quarter, and raised its full-year guidance. The company's backlog also grew year-over-year, and its largest business segment, Secure, Agile Networks, posted a 14% increase in revenue. Cisco also announced updates to its AppDynamics cloud software and disclosed a restructuring plan. Shares of Cisco have increased by 2% since the announcement.
Sentiment: POSITIVE
Tickers: CSCO,
Keywords: technology, breaking news: technology, business news, cisco systems inc, breaking news: earnings, enterprise, business, earnings,
Source: https://www.cnbc.com/2023/02/15/cisco-csco-earnings-q2-2023.html