Cisco posted a solid set of Q3 results tonight, although strength in China and India was offset by weakness in U.S. sales.
Cisco reported Q3 revenues of $9.8 billion, up from $8.9 billion in the same period last year, and above analyst estimates of $9.75 billion.
On a GAAP basis, Ciscos reported earnings per share of 29 cents on net income of $1.8 billion, down from 30 cents and $1.9 billion in the same period last year.
Ciscos non-GAAP earnings were 38 cents on net income of $2.3 billion, up from 34 cents and $2.1 billion in the third quarter of 2007. Analysts had estimated an EPS of 36 cents.
This quarter was another solid quarter given the challenges were all witnessing from a U.S. perspective the market did soften, said Cisco CEO John Chambers, during a conference call earlier today. [But] we continue to be optimistic about most of the global economies outside of the U.S Asia Pacific got stronger.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
