Cisco says CFO Scott Herren is leaving, company reports earnings beat

Cisco Chairman and CEO Chuck Robbins speaks at a keynote address at the Cisco Live! conference in Las Vegas on June 7, 2023. Cisco reported earnings and revenue that topped analysts' estimates on Wednesday and issued guidance that also exceeded Wall Street's prediction. Here's how the company did in comparison with LSEG consensus: Earnings per share: 96 cents adjusted vs. 92 cents expected 96 cents adjusted vs. 92 cents expected Revenue: $14.15 billion vs. $14.08 billion expected Revenue increased 11% during the quarter, which ended on April 26, from $12.7 billion a year earlier, according to a statement. Net income rose to $2.49 billion, or 62 cents per share, from $1.89 billion, or 46 cents per share, a year ago. The macroeconomic environment is uncertain, CEO Chuck Robbins said on a conference call with analysts. Robbins said Cisco's finance chief, Scott Herren, will retire on July 26 after joining in 2020 from Autodesk , where he had held the same role. Mark Patterson, Cisco ... Read full article.