Cisco Systems (CSCO) has done it again.
The company reported F2Q17 earnings this Wednesday, February 15th, after the closing bell. Revenues of $11.6 billion beat consensus by $50 million and landed at the high end of management's guidance. Non-GAAP EPS of $0.57 came in a penny above Street estimates - the 13th earnings beat in the past 13 quarters. As usual, the company guided low in the previous quarter and exceeded expectations - not a feat to be ignored, considering the sector headwinds and the lumpiness of the network equipment business.
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