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Cisco Q1 2015 revenue was $12.2 billion

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Staff writer |
Cisco
$0.54 per share   GAAP net income $1.8 billion

Cisco reported its first quarter results for the period ended October 25, 2014. Revenue was $12.2 billion, GAAP net income $1.8 billion or $0.35 per share, and non-GAAP net income $2.8 billion or $0.54 per share.

Cash flows from operations were $2.5 billion for the first quarter of fiscal 2015, compared with $3.6 billion for the fourth quarter of fiscal 2014, and compared with $2.6 billion for the first quarter of fiscal 2014.

Cash and cash equivalents and investments were $52.1 billion at the end of the first quarter of fiscal 2015, compared with $52.1 billion at the end of the fourth quarter of fiscal 2014, and compared with $48.2 billion at the end of the first quarter of fiscal 2014.

During the first quarter of fiscal 2015, Cisco paid a cash dividend of $0.19 per common share, or $973 million.

Cisco repurchased approximately 41 million shares of common stock under the stock repurchase program at an average price of $24.58 per share for an aggregate purchase price of $1 billion during the first quarter of fiscal 2015.

As of October 25, 2014, Cisco had repurchased and retired 4.3 billion shares of Cisco common stock at an average price of $20.66 per share for an aggregate purchase price of approximately $89.5 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $7.5 billion with no termination date.


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