Quarter brought Cisco revenue of $ 12 billion and a net profit of $ 2.9 billion

A well-known manufacturer of network equipment reported for the next quarter.
Last week, Cisco published its next quarterly report. A well-known network equipment manufacturer completed the second quarter of the current fiscal year on January 25, 2020.

The reporting period brought Cisco revenue of $ 12.0 billion and $ 2.9 billion in net profit. For comparison: the company completed the second quarter of fiscal year 2019 with revenue and net profit of $ 12.4 billion and $ 2.8 billion, respectively. In other words, in annual terms, revenue decreased by 4%, and net profit increased by 2%.

Non-GAAP net profit calculation in both cases (for the last quarter and for the second second quarter of fiscal year 2019) gives a value of $ 3.3 billion.

At the end of the reporting period, Cisco had $ 27.1 billion in cash, cash equivalents, and investments. The year before, the company had 33.4 billion dollars.