Cisco Systems Inc. Profit Advances 7% In Q2

(RTTNews) - Cisco Systems Inc. (CSCO) announced earnings for its second quarter that gained ground from last year.

The company said its bottom line totaled $2.9 billion, or $0.57 per share. This was up from $2.7 billion, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $11.93 billion. This was down from $11.94 billion last year.

Cisco Systems Inc. earnings at a glance:

-Earnings (Q2): $2.9 Bln. vs. $2.7 Bln. last year. -Earnings Growth (Y-o-Y): 7.4% -EPS (Q2): $0.57 vs. $0.53 last year. -EPS Growth (Y-o-Y): 7.5% -Analysts Estimate: $0.54 -Revenue (Q2): $11.93 Bln vs. $11.94 Bln last year. -Revenue Change (Y-o-Y): -0.1%

-Guidance: Next quarter EPS guidance: $0.54 - $0.56