-=Cisco Systems (CSCO) reported earnings on Wed 15 May 2019 (a/h)

Cisco Systems beats by $0.01, reports revs in-line; guides Q4 in-line

• Reports Q3 (Apr) earnings of $0.78 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.77; revenues rose 4.0% year/year to (+6% ex-SPVss business) $12.96 bln vs the $12.89 bln S&P Capital IQ Consensus, with product revenue up 7% and service revenue up 3%. Revenue by geographic segment was: Americas up 9%, EMEA up 5%, and APJC down 4%. Product revenue performance was broad based with growth in Security, up 21%, Applications, up 9%, and Infrastructure Platforms, up 5%. On a non-GAAP basis, total gross margin, product gross margin, and service gross margin were 64.6%, 63.7%, and 67.3%, respectively, as compared with 64.5%, 63.7%, and 67.1%, respectively, in the third quarter of fiscal 2018.
• Co issues in-line guidance for Q4, sees EPS of $0.80-0.82, excluding non-recurring items, vs. $0.81 S&P Capital IQ Consensus; sees Q4 revs of +4.5-6.5% to ~$13.21-13.46 bln vs. $13.29 bln S&P Capital IQ Consensus.