Cisco's second-quarter net profit of $3.1 billion increased by 31% year-on-year

Tencent Technology News February 11 news, according to foreign reports, Cisco released the company's fiscal 2016 fiscal second fiscal quarter earnings report. The financial report showed that Cisco's second-quarter revenue was $11.9 billion, which was the same as the same period of the previous year; net profit was $3.1 billion, an increase of 31% from $2.4 billion in the same period last year.
In the second fiscal quarter ended Jan. 23, Cisco had a net profit of $3.1 billion and earnings per share of 62 cents. This performance was better than the same period last year. In the second fiscal quarter of fiscal 2015, Cisco's net profit was $2.4 billion, and earnings per share were 46 cents. Cisco's second-quarter net revenue was $11.9 billion, which was the same as the same period last year. Excluding one-time expenses (not in accordance with US GAAP), Cisco's second-quarter net profit was $2.9 billion, with earnings per share of 57 cents, net profit for the same period last year was $2.7 billion, and earnings per share were 53 US dollars. Minute. Cisco's second-quarter results exceeded market expectations. Thomson Reuters survey shows that, in accordance with US GAAP, market analysts had expected Cisco's second-quarter earnings per share of 54 cents, revenue of $ 11.76 billion.
In the second fiscal quarter of fiscal 2016, Cisco's operating cash flow was $3.9 billion, a 36% increase from the $2.9 billion in the same period last year. As of the end of the second quarter, Cisco's cash, cash equivalents and investments totaled $60.4 billion, up from $59.1 billion at the end of the first fiscal quarter of fiscal 2016, and $60.4 billion at the end of the fourth fiscal quarter of fiscal 2015. The dollar is flat.
Cisco repurchased approximately 48 million common shares in the second quarter, with an average purchase price of $26.12 per share and a total expenditure of approximately $1.3 billion. Since the announcement of the share repurchase program, as of January 23, 2016, Cisco has repurchased 4.5 billion shares of common stock at an average purchase price of $20.97 per share for a total expenditure of approximately $95.1 billion. Cisco's dividend for the second fiscal quarter of fiscal 2016 was $0.21 per share, which cost about $1.1 billion.
In the second fiscal quarter of fiscal 2016, revenues from Cisco products (including routers and switches) were $8.89 billion, up 2% from the same period last year; service revenue was $2.944 billion, up 3% from the same period last year. Cisco's second-quarter total operating expenses were $4.1 billion, down from $4,468 million in the same period last year. Among them, Cisco's second-quarter R&D expenditure was $1.509 billion, compared to $1.529 billion in the same period last year; sales and marketing expenses were $2.286 billion, compared to $2.308 billion in the same period last year; general and administrative expenses were $176 million, compared to 4.90 in the same period last year. Billions of dollars; amortization of intangible assets was $71 million, compared to $72 million in the same period last year.
Cisco expects the company's third-quarter revenue will increase by 1% to 4%; not in accordance with US GAAP, earnings per share of $0.54 to $0.56, gross margin of 62.5% to 63.5%, operating margin of 28.5 % to 29.5%. Market analysts currently expect an average of $12.02 billion in third-quarter revenue and $0.55 per share in accordance with US GAAP.
Cisco shares closed at $22.51 in regular trading on the Nasdaq market on Wednesday, down $0.14 from the previous day, a drop of 0.62%. At the time of the press release, in the subsequent after-hours trading, Cisco's share price soared by $2.15, or 9.55%, to close at $24.66. In the past 52 weeks, Cisco's lowest share price was $22.46 and the highest share price was $30.31.