Cisco’s quarterly report showed higher revenue and profit, yet the share-price reaction remained subdued. The key figures, company outlook and infrastructure orders are summarized below.

Key results and the share-price reaction

  • Cisco’s quarterly revenue was $17.25 billion and earnings were $1.22 per share.
  • The company’s shares fell despite exceeding forecasts.
  •  At the same time, shares grew by 60% over the year, of which by 8% in a month.

Outlook and infrastructure orders

  • Cisco’s revenue for the new quarter could reach $18–18.2 billion.
  • The volume of infrastructure orders for the quarter amounted to about $4 billion.
  • The total volume of such orders for the fiscal year amounted to $9.3 billion.
  • It is noted that revenue for the last quarter increased by 18%.
  • Net profit for the quarter increased by 51%, to $3.9 billion.

The report combines strong business momentum with a high bar for expectations: beating forecasts does not guarantee a positive share-price reaction when an optimistic scenario is already priced in.