Cisco reports second quarter earnings

San jose, calif. , feb. 14, 2024 /prnewswire/ --  news summary: $12.8 billion in revenue, down 6% year over year; gaap eps $0.65, down 3% year over year, and non-gaap eps $0.87, down 1% year over year revenue growth in security, collaboration and observability progress on business model transformation in q2 fy 2024: total software revenue was flat year over year and software subscription revenue up 5% year over year total annualized recurring revenue (arr) at $24.7 billion, up 6% year over year and product arr up 9% year over year remaining performance obligations (rpo) at $35.7 billion, up 12% year over year and product rpo up 12% year over year dividend increased by 3% to $0.40 per share q2 fy 2024 results: revenue: $12.8 billion decrease of 6% year over year earnings per share: gaap: $0.65; non-gaap: $0.87 gaap eps decreased 3% year over year non-gaap eps decreased 1% year over year q3 fy 2024 guidance:    revenue: $12.1 billion to $12.3 billion earnings per share: gaap: $0.51 to $0.56; non-gaap: $0.84 to $0.86 fy 2024 guidance: revenue: $51.5 billion to $52.5 billion earnings per share: gaap: $2.61 to $2.73; non-gaap: $3.68 to $3.74 cisco today reported second quarter results for the period ended january 27, 2024.
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