Cisco reported first-quarter non-GAAP earnings of $1.40 per share, and its stock rose in extended trading after the Nov. 12 results, giving U.S. investors a market response to the networking company's earnings outlook.
Diluted GAAP earnings per share was $1.14, compared with 72 cents a year earlier. Cisco's GAAP and non-GAAP figures are separate measures.
Cisco shares were up about 35% for the year through the Nov. 12 close, while the Nasdaq had gained roughly 9%. The quarterly announcement also included a revised fiscal 2027 revenue outlook.
CEO Chuck Robbins said organizations looked to Cisco for help to “scale, secure and optimize their environments.”
Cisco forecast fiscal second-quarter non-GAAP earnings of $1.34 to $1.36 per share.
