Cisco Systems reported strong third quarter 2016 results with revenues of $12 billion, a 3% increase from the previous year, and net income of $2.3 billion. CEO Chuck Robbins stated that Cisco executed well despite challenges and is transitioning its business towards more software and subscription offerings. Cisco provided an outlook for the fourth quarter of 2016 with revenue growth expected between 0-3% and non-GAAP earnings per share forecast between $0.59-0.61.

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Cisco Systems Earnings Highlights2016Q3
REVENUE NET INCOME EPS
"We delivered a strong Q3, executing well despite the challenging
environment. I'm pleased with our performance today as well as the
progress we're making in transitioning our business to a more
software and subscription focus, which we'll continue to apply
across our entire portfolio."
- Chuck Robbins,
CEO
$12Bil
4Q16 OUTLOOK
GROSS MARGIN
2.7%
$7.7Bil $2.3Bil $0.46
(All the comparisons are year-over-year basis, unless otherwise stated.)
OPERATING
EXPENSES
OPERATING CASH
FLOW
1%
$3.1Bil
3%
$4.7Bil
SEGMENT REVENUE
Americas
EMEA
APJC
10%
Revenue
Non-GAAP EPS
GAAP EPS
0-3% growth
$0.59-0.61
$0.48-0.53
2%4%1%
3%
4%