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Network equipment maker Cisco Systems Inc. (NASDAQ: CSCO) on Wednesday said its second-quarter 2023 revenue and adjusted net profit increased from last year.
Excluding special items, adjusted earnings rose to $0.88 per share in the most recent quarter from $0.84 per share in the same period in 2022. Unadjusted net income was $2.8 billion or $0, 67 per share, compared to last year’s profit of $3.0 billion or $0.71 per share.
Second quarter revenue increased 7% year over year to $13.6 billion, with strong contributions from the core Secure, Agile Networks division.
Check out this space for management read/analyst commentary on Cisco’s Q2 earnings
“The modern and secure network we built is the backbone of our customer’s technology strategy. This, combined with the success of our ongoing business transformation and operational discipline gives us confidence in the future,” said Cisco CFO Chuck Robbins.
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