CISCO SYSTEMS Reports Q2 FY2023 Earnings of USD 2.8 Billion, Down 6.7% YoY.
February 22, 2023
Earnings Overview
CISCO SYSTEMS ($BER:CIS) announced their financial results for the second quarter of FY2023 (ending January 31 2023) on February 15 2023, demonstrating total revenues of USD 2.8 billion, which represented a 6.7% decrease compared to the same period in the previous year. Net income for the period rose 6.8% year over year to USD 13.6 billion.
Price History
Despite the lower year-over-year results, the company’s stock had a positive reaction and opened at €44.3 and closed at €45.2 – a 1.5% increase from the prior closing price of €44.6. Investors seemed encouraged by the news, as the company had seen significant losses from their FY2022 report. CISCO SYSTEMS’ results were mixed, indicating both positive and negative for the company’s future growth prospects. Revenue decreased 6.7% over the same period last year, to USD2.8 Billion.
However, sales in the Americas region saw a slight increase of 1%, a glimmer of hope given the difficult business landscape this past year. In short, while CISCO SYSTEMS’ Q2 FY2023 earnings were below expectations compared to the same quarter last year, investors were still encouraged by the slight growth in the Americas region and the overall stability of the company’s financials. With the right strategy in place, CISCO SYSTEMS could see even greater results in their upcoming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cisco Systems. More…
| Total Revenues | Net Income | Net Margin |
| 53.16k | 11.3k | 21.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cisco Systems. More…
| Operations | Investing | Financing |
| 16.04k | 229 | -13.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cisco Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 95.84k | 54.37k | 9.82 |
Key Ratios Snapshot
Some of the financial key ratios for Cisco Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | -0.8% | 27.3% |
| FCF Margin | ROE | ROA |
| 29.1% | 22.5% | 9.5% |
Analysis
At GoodWhale, we have thoroughly analyzed CISCO SYSTEMS‘ financials and concluded that it is a low risk investment in terms of financial and business aspects. We rate the company’s risk rating as low based on our assessment of several factors, such as cash flow and balance sheet. However, while analyzing the balance sheet, we noticed one risk warning that potential investors should look into before investing. To get further insight on this warning, we highly recommend becoming a registered user of GoodWhale. We guarantee that it’s a worthwhile exercise that will provide you with necessary information to make informed decisions when investing in CISCO SYSTEMS. More…
Summary
Investors should take a closer look at Cisco System’s latest earnings results for the second quarter of FY2023. The company reported total revenue of USD 2.8 billion, representing a 6.7% decrease from the same period last year.
However, net income rose 6.8% year over year to USD 13.6 billion. This suggests that despite slower sales, the company is still achieving positive growth in profits. Cisco Systems’ ability to control costs and drive efficiency makes it an attractive investment opportunity. With its well-developed product lineup and innovative approach to networking solutions, Cisco Systems remains a leader in the industry. Investors may want to consider adding Cisco Systems to their portfolios, as it could deliver long-term returns.
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