Overall performance: $12.9 billion in revenue, up 8% year over year, with broad-based strength across the business; GAAP EPS $0.70, up 37% year over year, and Non-GAAP EPS $0.82, up 8% year over year
Cisco reported first quarter results for the period ended October 30, 2021. Cisco reported first quarter revenue of $12.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $3.0 billion or $0.70 per share, and non-GAAP net income of $3.5 billion or $0.82 per share.
"In Q1, we had robust growth and continued strong demand despite the very dynamic supply environment," said Chuck Robbins, Chair and CEO of Cisco. "Cisco's technology sits at the heart of the accelerated digital transformation happening today. Our breakthrough innovation, strong demand, and the success of our business transformation position us well for another year of growth in fiscal 2022."
DISH and Cisco announce a go-to-market partnership to deliver next-level 5G enterprise services.
DISH Wireless and Cisco today announced a multi-layered agreement to accelerate 5G services in the United States. The partnership is designed to enable businesses to capitalize on DISH's 5G network and application infrastructure to support new hybrid work models.
Together with Cisco, DISH will unlock the value and benefit of 5G for businesses by building the United States' first smart 5G network. This open and secure network allows DISH to customize solutions and enable enterprise-driven slices of its network to meet the needs of specific industry verticals. Unique to DISH's network, this customized approach will grant enterprises across industries the access to rapidly reap the full benefits of 5G.