11:29 - 13.02.2025

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February 13, Fineko/abc.az. American manufacturer of network equipment Cisco Systems Inc. reduced net profit by 8% in the 2nd quarter of fiscal year 2025, but the adjusted figure and revenue exceeded market expectations.

ABC.AZ reports that according to company's press release, net income for the quarter ended January 25 was $2.43 billion, or 61 cents per share, compared with $2.63 billion, or 65 cents per share, for the comparable period of the previous fiscal year.

The profit excluding one-time factors increased to $0.94 from $0.87 per paper.

The company's revenue increased by 9% up to $13.99 billion against $12.79 billion a year earlier. Including revenues from the sale of equipment increased by 11%, service revenue - by 6%.

Experts surveyed by FactSet estimated adjusted earnings at an average of $0.91 per paper on revenue of $13.9 billion.