Cisco Reports Second Quarter Earnings
Cisco News, February 15th, 2023
$13.6 billion in revenue, up 7% year over year; GAAP EPS $0.67, down 6% year over year, and Non-GAAP EPS $0.88, up 5% year over year
Continued progress on business model transformation:
- Total annualized recurring revenue (ARR) at $23.3 billion, up 6% year over year and product ARR up 11% year over year
- Total software revenue up 10% year over year and software subscription revenue up 15% year over year
- Remaining performance obligations (RPO) at $31.8 billion, up 4% year over year and product RPO up 7% year over year
Dividend increased 3%