Operator
Welcome to Cisco s third-quarter fiscal-year 2021 financial results conference call. At the request of Cisco, today s conference is being recorded. If you have any objections, you may disconnect. Now, I would like to introduce Marilyn Mora, head of investor relations.
Ma am, you may begin.
Marilyn Mora
Head of Investor Relations
Welcome, everyone, to Cisco s third-quarter fiscal 2021 quarterly earnings conference call. This is Marilyn Mora, head of investor relations, and I m joined by Chuck Robbins, our chairman and CEO; and Scott Herren, our CFO. By now, you should have seen our earnings press release. A corresponding webcast with slides, including supplemental information, will be made available on our website in the Investor Relations section following the call.
Cisco Reports Third Quarter Earnings
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News Summary:
Overall performance: $12.8 billion in revenue, up 7% year over year with broad-based strength across the business; GAAP EPS $0.68 and Non-GAAP EPS $0.83, each up 5% year over year
10% year-over-year total product order growth representing the strongest demand in nearly a decade
Continued momentum in transforming business to software and subscriptions: 81% of software revenue sold as a subscription, up from 76% last quarter
Q3 Results:
Earnings per Share: GAAP: $0.68; Non-GAAP: $0.83
GAAP EPS increased 5% year over year
Non-GAAP EPS increased 5% year over year
Q4 Guidance:
Earnings per Share: GAAP: $0.64 to $0.69; Non-GAAP: $0.81 to $0.83
Cisco today reported third quarter results for the period ended May 1, 2021. Cisco reported third quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.9 billion or $0.68 per share, and n
Earnings per Share: GAAP: $0.68; Non-GAAP: $0.83
GAAP EPS increased 5% year over year
Non-GAAP EPS increased 5% year over year
Q4 Guidance:
Earnings per Share: GAAP: $0.64 to $0.69; Non-GAAP: $0.81 to $0.83
Cisco today reported third quarter results for the period ended May 1, 2021. Cisco reported third quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.9 billion or $0.68 per share, and non-GAAP net income of $3.5 billion or $0.83 per share. Cisco had a great quarter with strong demand across the business, said Chuck Robbins, chairman and CEO of Cisco. We are confident in our strategy and our ability to lead the next phase of the recovery as our customers accelerate their adoption of hybrid work, digital transformation, cloud, and continued strong uptake of our subscription-based offerings.
Cisco Announces March 2021 Event with the Financial Community
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SAN JOSE, Calif., Feb. 25, 2021 /PRNewswire/ Cisco today announced that it will participate in the following conference with the financial community during the month of March. The session will be webcast. Interested parties can view the event on Cisco s Investor Relations website at investor.cisco.com.
2021 Morgan Stanley Technology, Media and Telecom Investor Conference
March 3, 2021
Todd Nightingale, Senior Vice President and General Manager, Enterprise Networking and Cloud
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