Cisco Systems-CISCO REPORTS SECOND QUARTER EARNINGS

SAN JOSE, Calif., Feb. 14, 2024 /PRNewswire/ -- News Summary: $12.8 billion in revenue, down 6% year over year; GAAP EPS$ 0.65, down 3% year over year, and Non-GAAP EPS $0.87, down 1% year over year Revenue growth in security, collaboration and observability Progress on business model transformation in Q2 FY 2024: Total software revenue was flat year over year and software subscription revenue up 5% year over year Total annualized recurring revenue (ARR) at$ 24.7 billion, up 6% year over year a ...