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Cisco Q3 revenue was $12.1 billion

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Staff writer |
Cisco
Cisco   GAAP net income was $2.4 billion

Cisco reported its third quarter results for the period ended April 25, 2015. Revenue was $12.1 billion, GAAP net income was $2.4 billion or $0.47 per share, and non-GAAP net income was $2.8 billion or $0.54 per share.

Revenue for the first nine months of fiscal 2015 was $36.3 billion, compared with $34.8 billion for the first nine months of fiscal 2014. Net income for the first nine months of fiscal 2015, on a GAAP basis, was $6.7 billion or $1.29 per share, compared with $5.6 billion or $1.06 per share for the first nine months of fiscal 2014.

Non-GAAP net income for the first nine months of fiscal 2015 was $8.3 billion or $1.62 per share, compared with $8.0 billion or $1.51 per share for the first nine months of fiscal 2014.

Cash flow from operations were $3.0 billion for the third quarter of fiscal 2015, compared with $2.9 billion for the second quarter of fiscal 2015, and compared with $3.2 billion for the third quarter of fiscal 2014.

Cash and cash equivalents and investments were $54.4 billion at the end of the third quarter of fiscal 2015, compared with $53.0 billion at the end of the second quarter of fiscal 2015, and compared with $52.1 billion at the end of the fourth quarter of fiscal 2014.

During the third quarter of fiscal 2015, Cisco paid a cash dividend of $0.21 per common share, or $1.1 billion.

Cisco repurchased approximately 35 million shares of common stock under the stock repurchase program at an average price of $28.39 per share for an aggregate purchase price of $1 billion during the third quarter of fiscal 2015.

As of April 25, 2015, Cisco had repurchased and retired 4.4 billion shares of Cisco common stock at an average price of $20.80 per share for an aggregate purchase price of approximately $91.7 billion since the inception of the stock repurchase program.

The remaining authorized amount for stock repurchases under this program is approximately $5.3 billion with no termination date.


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